Latest Banking News
Al-Sisi directs banks in Egypt to continue local market support, development financing
About EGP 180bn has been invested in 120,000 companies as part of…
HDB reports EGP 1.3bn in PBT during H1 2020 despite COVID-19
Bank’s portfolio of customer loans and facilities achieves 8.6% growth to EGP…
Suez Canal Bank reports 31% net profit growth in June
Bank sells its entire stake in MIDOR to EGPC for $30.6m
CBE reveals reasons behind July inflation decline
Annual headline urban inflation declines to 4.2% in July, from 5.6% in…
Egypt banks celebrate International Youth Day with increased support for financial inclusion
Egyptian banks to support new accounts at no minimum amount or fees,…
Businesses plan major operational changes as resilience prioritised: HSBC Navigator
The new Navigator report, “Building Back Better”, from HSBC Commercial Banking, shows…
EALB to increase social housing finance to EGP 2bn
Bank’s mortgage finance portfolio has doubled to 8,000 clients
BLOM Bank to conduct due diligence on selling Egypt unit
Several banks have shown interest in buying BLOM Bank – Egypt, but…
Banque du Caire arranges EGP 670m syndicated loan to Marakez
Loan to finance 50% of total estimated investment cost of Mall of…
CBE expected to hold interest rates during next MPC meeting
Market anticipates CBE announcement, on Monday, regarding inflation in July 2020