CR2 negotiates with 2 banks in Egypt to provide e-payment services
There are three banks working with CR2 in Egypt, we aim to…
SAIB’s strategy to be finalised, presented to board by end of 2018: chairperson
Programme will be presented to board to be discussed before offering it…
United Lease aims to increase activities to EGP 2bn by end-2018: Maher Abu Setit
The company started operation in H2 of 2017, with 90% stake owned…
Egypt’s growth to accelerate to 5.5% in FY 2019: Standard Chartered
Fiscal consolidation is progressing, targets are ambitious
Consumer finance in Egypt worth EGP 70bn, requires putting activity under EFSA’s supervision: Omran
EFSA aims to increase volume of financial leasing to EGP 80bn by…
SMEDA pumped EGP 3.1bn to finance development projects in Assiut: Gamea
MoU signed between SMEDA, Assiut University to qualify graduates to establish, manage…
CBE’s renewal of repurchase agreement with international banks to provide some support for FX reserves: Beltone
Company expects local currency will stabilise against dollar for rest of 2018,…
Egyptian banking sector showed remarkable resilience, flexibility before political, economic challenges: UAB
Financial bank indicators operating in Egyptian market confirm existence of financial safety,…
NPLs fall to 4.3% of total loans at end June 2018: CBE
Provisions to combat doubtful debts amounted to EGP 109.294bn in H1
QNB ALAhli accounts for 7.93% of total loans, 5.64% of deposits in Egypt
Bank's LDR amounted to 67%, up from sector's average of 45%