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Latest in Banking


NBE-led coalition finances nitrate project for Abu Qir Fertilizer

Abu Qir Fertilisers and Chemical Industries Holding Company’s board of directors decided to obtain funding for its nitrate project from the National Bank of Egypt, Banque Misr, and QNB. The company said in a disclosure to the Egyptian Exchange on Wednesday that the funding is worth €105m and that the project will be implemented by …

Daily News Egypt

FX reserves climbed to $44.029bn end-April 2018: CBE

Foreign exchange reserves at the Central Bank of Egypt continued to rise in April 2018, reaching $44.029bn from $42.611bn at the end of March 2018, an increase of about $1.418bn. This marks the highest level of foreign exchange reserves in the history of the Central Bank of Egypt. The reserves are sufficient to cover over …

Hossam Mounir

ABE launches 20 mobile service vehicles in 18 governorates

Mobile vehicles enable bank employees to reach all citizens who are not used to dealing with banks in villages, hamlets across various governorates The Agricultural Bank of Egypt (ABE) has launched 20 mobile service vehicles to offer banking services across the branches of the ABE in the villages and cities of the governorates of Giza, …

Daily News Egypt