Euronet aims to inject EGP 400m in Egypt by end of 2018
Company runs 125,000 ATMs worldwide, deals with 12 banks in Egypt, says Farouk
Hossam Mounir
1161 Articles
Advertising Area
Latest by Hossam Mounir
Cooperation protocol between CGC and Egyptian Union of Microfinance to qualify 25 companies to obtain financing from banks
Companies were chosen across the country with a special focus on Upper Egypt, says Zo El Fokkar
CBE holds hope on Banque du Caire to support microenterprises: Amer
The bank injected 1.5 million loans to project owners until the end of 2016, with a total cumulative value of EGP 11bn
Banks obliged to separate microfinance from retail loans
Trial project between civil associations and banks to benefit from digital services in obtaining financing and instalment payments, according to the CBE governor
CBE calls on banks to introduce credit-rating system to evaluate micro-financing institutions
We have been studying ways to strengthen this sector, which is one of the most important pillars of achieving financial inclusion, says Amer
1.8m people benefited from microfinance loans until the end of 2016: Samy
Volume of funding provided by these bodies increased to EGP 4.5bn, trade activity among the top beneficiaries, says EFSA chairperson
EMF seeks to increase customers to 10 million at total funding of EGP 30bn within four years: chairperson
The EMF includes eight banks, three companies, 752 institutions, and a civil society organization, in addition to the Micro, Small, and Medium Enterprises Development Agency: Zulficar
Advertising Area
Banks ignore CBE decision to raise interest, keep rates unchanged
Next increase may be on short-term vessels, interest on certificates will not be changed, say bankers
Banks allocate EGP 170bn to develop infrastructure of a number of areas in Cairo and Giza
The Federation of Egyptian Banks (FEB) signed a cooperation protocol with the Department of Military Works of the Armed Forces Engineering Authority and the governorates of Cairo and Giza to develop the infrastructure and boost human development in Helwan, Badrashin, and Manishiet Al Qanater. According to Hesham Ezz El Arab, chairperson of the FEB, the …
Raising interest on the pound is for the benefit of all: CBE governor
The CBE does not consider specific entities when making decisions, Amer said defending MPC’s decision
Banks tend to maintain interest rates unchanged despite CBE’s 2% hike
Government banks offer highest return on savings in the local market and they need to study the impact of new rises on money cost
CBE raises interest rate 2%, defying all predictions
Monetary Policy Committee (MPC) decided to raise the overnight deposit rate, overnight lending rate, and the rate of the Central Bank of Egypt’s (CBE) main operation by 200 basis points to 16.75 percent, 17.75 percent, and 17.25 percent, respectively
Outstanding balance of treasury bonds reaches EGP 690.07bn at end of April
Size of international bonds stabilizes at $11.5bn, government aims to issue more worth $1.5-2bn
Ambiguity surrounding CBE’s decision on interest rate in Sunday’s meeting
IMF confirms that using interest rate is the right tool to face inflation in Egypt, the market excludes the possibility of increasing the interest rate
Good performance indexes in banks by end of January: CBE
EGP 67.2bn increase in volume of deposits, EGP 52.8bn in loans
Credit Agricole not considering leaving Egyptian market
We have launched our activities in the Egyptian market 10 years ago and seek to continue and expand it, says Drion
Egyptian-Chinese cooperation in field of manufacturing electric transformers, smart counters
First founding assembly of “We Can” company will be held on Sunday to start the establishment of a plant to produce anti-tumour treatments
CBE completes new Banking Law draft, sends it to FEB for review
Foreign exchange shortage is over as Egypt collected $45bn since flotation, says CBE Governor
Crédit Agricole collected $1bn of hard cash since flotation
François Edouard Drion, chairperson and managing director of Crédit Agricole Egypt, said that the bank collected $1bn of hard cash since the flotation.
Official unemployment rate drops to 12% in Q1 2017
5.302 million people work in agriculture and fishing, equivalent to 20.7% of employed workforce, according to CAPMAS
Banque Misr negotiates with international funding institution to obtain new dollar debt: bank’s chairperson
The bank signs a loan agreement with CDB for $500m during its participation in the Silk Road Conference
Attijariwafa Bank aims to become one of Egypt’s 10 biggest banks in 7 years
Flotation does not worry us, as we expected the move but did not predict its size, El-Kettani states
Establishment of Financial Inclusion Unit to support, strengthen financial inclusion in Egypt: Bassiouny
Khaled Bassiouny, general director of the Financial Inclusion Unit at the Central Bank of Egypt (CBE), said that the objective of establishing this unit and its subordination to the CBE governor in person is to support and enhance the financial inclusion in Egypt. The CBE recently set up a financial inclusion unit and appointed Khaled …
Negm reveals CBE’s efforts for achieving financial inclusion in Egypt
Financing SMEs, limited and middle-income people housing were the most important CBE initiatives
Ministers of planning, education attend business forum at BUE
Qalaa Holdings’ managing director discusses potential for economic cooperation between Egypt and the countries of sub-Saharan Africa
CBE obliges banks to not deal with more than 7 exchange bureaus
Banks and companies granted 4-month transition period to adjust, says Negm
CBE launches initiative to finance microenterprises at end of May
About 37,000 small and medium-sized companies received loans worth EGP 101bn between December 2015 and December 2016
EBI organises 9th annual conference on enhancing financial inclusion in Egyptian banking sector
Institute also completes initial draft of the National Strategy for Financial Education
Banks, companies, authorities have to work together for financial inclusion: ALEXBANK CEO
“Egyptian banks are qualified to support the achievement of financial inclusion”
To achieve financial inclusion, we first must reach a phase where clients can dispense with visiting branches: El-Bassiouny
Establishment of HDB aimed at enabling those without bank accounts to obtain housing and banking services