Hazem Hegazy named CEO of Al Baraka Bank Egypt subject to Central Bank approval
Hegazy has more than 30 years of experience in banking sector, especially…
Banking alliance arranges syndicated loan of EGP 4bn for Electricity Transmission Company
Banking alliance consists of NBE, CIB, Banque du Caire, and NBK
Banks warn against fraudulent practices following Banque Misr phishing incidents
Social media reports alleged that fraudsters claiming to be Banque Misr employees…
Islamic banking in Egypt valued at EGP 390bn in June 2021
Islamic banking accounts for 5.1% of Egyptian market size
Housing and Development Bank achieves 10.8% PBT growth to EGP 1.45bn in H1 2021
Bank continues to achieve positive growth due to continuous support of development,…
Egyptian remittances record 13 % growth to $28.5bn in 11 months: CBE
The Central Bank of Egypt (CBE) has revealed that remittances from Egyptians…
Central Bank of Egypt justifies inflation hike during July 2021
Egypt’s annual headline urban inflation increased to 5.4% in July 2021, compared…
Central Bank of Egypt receives 33 bids worth €792m for euro-denominated T-bills
CBE accepts 27 offers, worth €622m, with average interest of 1.396
Egypt injects EGP 2.8bn into over 87k small, micro projects in H1 2021
Minister Nevin Gamea urges citizens to benefit from MSMEDA services to finance…
Abu Dhabi Commercial Bank – Egypt reports net profit rise of 83% in H1 2021
Bank continues expansion plans, emphasises brand, and finalises measures to raise capital:…