Banks direct foreign currency to importers as commodities are held at ports due to dollar shortage
To reduce dollar shortage crisis at banks, the foreign currency deposit cap…
Low-income home buyers to be focus of Housing and Developing Bank’s 2016 plan
In the past year, the HBD granted EGP 750m to approximately 10,000…
CIB’s loans portfolio increases to EGP 62.6bn
Bank’s profits exceeded our expectations, while the growth rate of deposits and…
NBE, Banque Misr to post joint profits exceeding EGP 9bn
Banque Misr achieved net profits of EGP 2.51bn after taxes in FY…
Audi Bank-Egypt EBRD sign $30 loan agreement to support SMEs in Egypt
The ERBD will use the loan to further its strategy in Egypt…
Seasonal fall in vegetable prices behind decline in inflation in January
Value-added, reduction of imports, and depreciation of the pound stand behind curbing…
NBE invested EGP 4bn into tourism after 25 January Revolution
The NBE has invested a total of EGP 13bn in the tourism…
Outstanding balances of treasury bonds increased by EGP 13bn
Total value of bonds issued in EGP increased to EGP 698.85bn until…
We will not put depositors’ money at risk by investing in stock market: Banks
Foreign banks prevent branches from investing in stock market, Egyptian banks resort…
SECON content with capital volume as Nile Towers project continues
The agreement secured EGP 600m to fund the SECON Nile Towers project