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Investegate |EFG-Hermes Holdings Announcements | EFG-Hermes Holdings: IFA Report on AiBank acquisition


 
1. 
Brief about the Bank

Establishment & Shareholders:
 
aiBank was established in 1974 as an investment and commercial bank. aiBank was previously known as The Federal Arab Bank for Development and Investment. As at the valuation date, the bank s shareholders were National Investment Bank( NIB ) (92.2%) and Federation of Arab Republics (7.8%)

Capital & Minimum Requirement:
aiBank paid up capital amounted to EGP 1.84B as at 30 Jun 2020. A subordinated loan from National Investment Bank was approved to be transferred to capital resulting in an increase in paid up capital to EGP 1.98B.

Headcount:
was 956 employees as at the valuation date.

Branches & Offering:
The bank currently operates through 31 branches (owned and leased), with two branches offering Islamic products; one based in Cai ....

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PODCAST: Bitcoin Explained with Tyrone Ross


Transcript
David Muhlbaum: We’re going to talk about cryptocurrencies today. No, really, Kiplinger is going to cover Bitcoin. And please, if your usual reaction to Bitcoin is to roll your eyes or put your hands on your ears and go “lalalalala we get it. But come on, aren’t you a bit curious about how all this wealth is getting made? Financial advisor Tyrone Ross is going to help us figure out whether you should own some Bitcoin and if so, how to buy it.
Also, still waiting for your stimulus check? Sad. We’ll give you some reasons why that might be and what you can do about it. All coming up on this episode of ....

Matt Hogan , Paul Tudor Jones , Corey Hoffstein , Kyle Woodley , Warren Buffett , Howard Marks , Chris Burniske , Tyrone Ross , David Muhlbaum , Ray Dalio , Charlie Munger , Sandy Block , Morgan Stanley , Us Postal Service , Boomers Got , Onramp Invest , Dunkin Donuts , Long Bitcoin , Intelligent Investor , Intrinsic Value , Discounted Cash Flows , Efficient Market Hypothesis , Wall Street Journal S , Warren Buffet , Technological Standpoint , Jack Tater ,