Latest Banking News
Central Bank of Egypt extends measures to contain COVID-19 repercussions until June 2021
Extension reflects CBE’s keenness to protect national economy, preserve gains of reform
Buna conducts 1st intra-Arab transaction between Mashreq Bank, Banque Misr
The Arab Monetary Fund (AMF) has announced that its Buna payment platform…
NBE, Banque Misr cut monthly return on savings certificates by 1%
Both banks cancel savings certificates with quarterly return
ADCB reveals business strategy in Egyptian market during coming period
Bank aims to increase capital to comply with new banking law, expand…
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…