Hossam Mounir

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Standard Bank to launch representative office in Egypt on 12 November

Standard Bank Group, Africa’s largest financial institution by assets, announced that it…

Hossam Mounir

NBE grants Ora Developers Egypt EGP 3bn long-term financing for Solana West project

The National Bank of Egypt (NBE) has signed a long-term financing agreement…

Hossam Mounir

CIB reports record EGP 28.8bn net income for Q3 2025; nine-month profits surge 47% to EGP 62.1bn

Commercial International Bank (CIB) announced Tuesday a consolidated net income of EGP…

Hossam Mounir

Egyptian banking system’s NFAs rise by $3bn to $17.9bn in August 2025: CBE

The Central Bank of Egypt (CBE) announced that the banking system’s net…

Hossam Mounir

CBE projects inflation to average 10.5% in 2026 as economic recovery gains momentum

The Central Bank of Egypt (CBE) has projected a continued decline in…

Hossam Mounir

United Bank, Social Housing Fund expand affordable mortgage finance to EGP 5bn

The United Bank has signed a cooperation protocol with the Social Housing…

Hossam Mounir

Non-bank financing for MSMEs jumps to EGP 91.4bn in August 2025: FRA

The Financial Regulatory Authority (FRA) has announced that the total volume of…

Hossam Mounir

Suez Canal Bank leads EGP 4.5bn syndicated loan for Madkour infrastructure project

A banking alliance led by Suez Canal Bank has signed a joint…

Hossam Mounir

HSBC to review retail banking business in Egypt

HSBC Egypt announced that its parent company, HSBC Holdings plc (HSBC Group),…

Hossam Mounir

NBE inaugurates first branch in Saudi Arabia

The National Bank of Egypt (NBE) has announced the inauguration of its…

Hossam Mounir