Latest Banking News
Central Bank of Egypt extends initiatives to support individual, tourism defaulters until June
The Central Bank of Egypt (CBE) has decided to extend its initiatives…
Capital gain on 24% stake sale of Aman could reach EGP400m: Source
The capital gain on the recent 24% stake sale of Aman for…
Central Bank of Egypt to issue $850m worth T-bills tender on Monday
The Central Bank of Egypt (CBE) will issue, on Monday, a tender…
Egyptian pound appreciates 30 piasters against US dollar in 2020 despite COVID-19
Local currency is likely to see further gains against US dollar in…
High solvency, liquidity enable Egypt banking sector to function successfully amid COVID-19: Central Bank
Banking sector has witnessed high financial stability in past years, allowing it…
EIB, Banque Misr partner to speed up SMEs recovery from COVID-19 in Egypt
€425m to support Egyptian SMEs, mid-caps
National Bank of Egypt acquires 24% stake in Aman Financial Services for EGP 480m
National Bank of Egypt Chairperson Hisham Okasha said that this step is…
CIB unique among Egyptian banks regarding environmental transparency
The Commercial International Bank (CIB) announced, on Wednesday, that it has furthered…
Portfolio investment flows to EMs to recover slowly in 2021: CBE
Egyptian economy contained reversal in portfolio investment flows thanks to its relatively…
Jordan’s Capital Bank acquires Lebanon’s Bank Audi units in Iraq, Jordan
Accordingly, these acquisitions will increase the consolidated assets of Capital Bank to…
