Latest Banking News
Central Bank of Egypt targets average inflation rate at 7% (±2%) in Q4 of 2022
Central bank to continue using monetary policy tools to control inflation expectations,…
Egypt’s central bank leaves interest rates on hold
Central Bank of Egypt new inflation target has been set at 7%…
NBE leads banking alliance to provide EGP 2bn in financing to Oilex
The National Bank of Egypt (NBE) is leading an alliance of banks…
Egyptian expats will be able to transfer remittances through post offices
National Bank of Egypt (NBE) and Egypt Post on Tuesday signed a…
Egypt’s Banque Misr, Commercial Service join forces to boost exports
Egyptian Commercial Service (ECS) and Banque Misr have signed a cooperation protocol…
EGP 481bn increase in financial position of banks in Egypt during Q3 2020
CBE indicated that the capital of the 10 largest banks operating in…
SODIC, AAIB sign partnership agreement to provide e-payment solutions
SODIC has signed a partnership agreement with the Arab African International Bank…
Egyptian banking sector achieves EGP 45.549bn net profits in September
Top 10 banks in the Egyptian banking sector account for 65.5% of…
Digital financial inclusion would help 63% of Arab adult population access service: AMF
AMF added that at the level of geographical regions, both Africa and…
CIB Egypt increases individual financing to EGP 34.881bn in September 2020
The bank's syndicated loans portfolio amounted to about EGP 30.628bn in September…