Latest Banking News
Are CBE’s initiatives enough to develop SMEs?
Daily News Egypt speaks to experts on how to support and develop…
CBE reduces term of executive officials in banks to 9 years
The Central Bank of Egypt (CBE) issued on Thursday a decree to…
Credit Suisse to cut further 2,000 jobs
Swiss banking giant Credit Suisse is ramping up its restructuring program in…
Restructuring PBDAC, serving farmers’ interest are top priorities: El-Kosayer
El-Kosayer to hold first meeting in the PBDAC on Wednesday; controversy surrounds…
Private banks begin raising interest rates on saving schemes in pounds
The step came after public banks raised their interest rates and an…
CBE provides banks with $104.5m, sets US dollar price at EGP 8.78
On Tuesday, the official dollar price in banks was EGP 8.83 for…
CBE appoints Alsayed Al-Qussair as chairman of PBDAC
Al-Qussair succeeds Atteya Salem, the former chairman of PBDAC
Banque Misr targets increase in SMEs loans to EGP 1.5bn by end of FY 2015/2016
The bank provides 55% of the total funds granted by banks as…
IDBE launches 11 products, programmes to finance SMEs: bank chairperson
Loans to SMEs represent 16% of bank’s total loan portfolio, which we…
UNB-Egypt aims to increase SMEs loans to 8% of total portfolio by year’s end
Bank developed a strategy to increase finances provided to the sector to…