Egyptian government to depend less on local market in budget deficit finance
Debt instruments worth EGP 587bn offered during Q1 2021/22, compared to EGP…
Egypt records $1.8bn balance of payments surplus in 9M FY 2021
This is compared to $5.1bn deficit last FY in wake of COVID-19…
Financial positions of banks in Egypt rise by EGP 532bn in Q1 of 2021: CBE
Capital at banks amounts to EGP 177.92bn, reserves register EGP 347.826bn, provisions…
Net profits of banks in Egypt reach EGP 29.99bn in Q1 2021: CBE
Top 10 banks account for 87.84% of total profits recorded during Q1
Central Bank of Egypt extends precautionary measures against COVID-19 to 2021 end
This will see the precautions in place until 31 December 2021, rather…
CIB participates in Egypt’s 3rd Green Economy Forum
Bank serves as event’s Sustainable Finance Partner, showcases 4 green finance programmes
HSBC commits funding to Egypt coastal ecosystem restoration project
The partnership is taking place with the World Resources Institute (WRI), the…
12 banks in Egypt report EGP 6.495bn net profits during Q1 2021
CIB accounts for 44.27% of 12-bank profits, whilst HDB ranks second with…
Banque du Caire reports EGP 1bn in net profit in Q1 2021
Bank continues positive business results supported by ambitious plans, strategies it was…
Egypt’s interest rates expected to remain unchanged for 5th consecutive CBE meeting
Urban inflation may rise gradually from 4.1% on an annual basis in…