Latest Banking News
13 banks in Egypt score EGP 8.48bn in net profits in 1Q19
CIB ranks 1st with profits of EGP 2.64bn, QNB AlAhli follows, Faisal…
AlexBank, SBC, Pride Capital partner to bring world’s biggest FinTech accelerator to Egypt
The Fintech accelerator programme is considered the first of its kind in…
Crédit Agricole Egypt advances digital transformation culture, opens more innovative branches across Egypt
Bank has achieved a net profit of EGP 701.6m up 33.7% q-o-q
Bank Audi net profit score EGP 326m in Q1 2019
Bank will continue to grow as one of most important banking institutions…
CDC given approval to lend up to $200m Tier 2 capital to Egyptian banks
Increasing focus on Egypt will see CDC appoint country representative
Al-Sisi appoints Fakhry Elfiky as CBE’s board member
Elfiky has a 35-year international experience in the fields of economic and…
AAIB finances PSA plane purchase worth $20.5m
Loan extended over 5 years, expected to be disbursed starting June
New Banking Law prohibits establishment or operation of platforms for issuing, circulating e-currencies without license
Law grants CBE's board right to issue regulation, circulation, dealing rules with…
Bank Audi Egypt seeks to strengthen its presence in Egyptian market
Bank can support its presence among largest financial institutions in Egypt, Middle…
Egyptian pound continues value upward trend against US dollar
US currency lost over EGP 1 since beginning of 2019, including 34…