Latest news with #corporatecredit
Bloomberg
3 days ago
- Business
- Bloomberg
Corporate Credit Technicals Too Strong: Toublan
The US investment-grade primary bond market is having its busiest May since 2020. Barclays Head of US Credit Strategy Dominique Toublan says technicals in corporate credit are too strong. BNP Paribas Head of US Credit Strategy Meghan Robson expects wider spreads. They speak with Vonnie Quinn on "Real Yield." (Source: Bloomberg)
Zawya
5 days ago
- Business
- Zawya
Egypt: Banque du Caire reports 45% YoY profit growth in Q1 2025
Arab Finance: Banque du Caire recorded a 45% year-on-year (YoY) increase in net profits after tax for the first quarter (Q1) of 2025, reaching EGP 3.4 billion, up from EGP 2.4 billion, as per an emailed statement. The growth was supported by improved performance across retail, treasury, corporate credit, and SME segments. Net interest income rose by 30% YoY during the quarter. Operating revenues also saw a notable rise, reaching EGP 9.8 billion, compared to EGP 7.8 billion in Q1 2024, marking a 26% YoY increase. The bank's total loan portfolio grew by 5% to EGP 240 billion by the end of March 2025. This was driven by an EGP 9.6 billion increase in corporate and bank loans, and an EGP 2.6 billion rise in retail loans. Customer deposits rose by 5% to EGP 369 billion at the end of March 2025, up from EGP 352 billion at the end of December 2024. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
