Leading Financial Services Corporation in Frontier Emerging markets
The Sovereign Fund of Egypt (TSFE) and EFG Hermes Holding S.A.E (EFG Hermes, HRHO on the Egyptian Exchange) are pleased to announce that they have executed agreements to acquire 76% of the capital of Arab Investment Bank (AIB or the Bank). The acquisition will be structured as a capital increase that will increase the paid-in capital of the Bank to EGP 5 billion, making it compliant with the regulatory requirements of the Egyptian Banking Law.
18 August 2021
EFG Hermes delivered a second consecutive quarter of stellar performances across its operations and recorded a 20% Y-o-Y increase in revenues in 2Q21
stockmarkets closing today, Sunday, August 22, 2021: #TASI For more information & statistics please visit:
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22 Aug 2021
stockmarkets closing today, Sunday, August 22, 2021: #EGX For more information & statistics
EFG Hermesis the leading financial partner in FEMs and the top MENA ECM advisor. We deploy the largest and most diverse group of FEM professionals, combining a deep knowledge of companies, markets and economies with proven global expertise.
Over the last decade, cyberattacks have been among the biggest threats to financial institutions. Advances in technology have honed cybercriminals’ skills and techniques. They’ve also become more organized, forming groups that make it difficult for financial service providers to manage cybercrime risk. Losses from cybercrime are substantial in the financial sector, ranging from litigation to having to refund customers, from the cost of preventing another attack and, of course, a dent in the institution’s reputation. Banks are the most targeted financial institution because of the high value of customer deposits, the wealth of data they sit on, and their reliance on vulnerable digital and technology solutions.