Latest Banking News
Banque Misr, FEI sign cooperation protocol to stimulate real estate financing
Banque Misr signed the protocol as part of its vision to stimulate…
Financial position of banks in Egypt up EGP 648.9bn in 1Q-3Q FY2020: CBE
Net foreign assets decline by EGP 171.5bn in March, foreign investments in…
Emerging markets experience sharpest capital outflow in March since 2008: CBE
Monetary and fiscal stimulus policies, structural reforms cushion negative consequences of coronavirus…
HSBC Egypt launches HSBCnet Mobile app for businesses
In a first for the Egyptian market, companies can now manage their…
CBE offers $500m worth T-Bills on Monday
Proceeds to cover a previous offer worth $715m issued on 11 June…
Recent devaluation of Egyptian pound against US dollar normal, temporary: banking pundit
Like all currencies worldwide, local currency bound to be affected by current…
US dollar appreciates slightly to EGP 15.92 at CBE
The Swiss franc reached EGP 16.5466 for buying and EGP 16.6522 for…
COVID-19 accelerates HSBC existing transformation plans to digital services: Group General Manager
Bank has made strong contribution to all CBE initiatives to support economy…
CBE offers EGP 20bn in T-Bills as market awaits Finance Ministry move
The CBE will issue Treasury Bills and bonds worth EGP 186bn in…
CIB launches new online platform for financing supplier needs
It supports solutions and programmes to increase the working capital of the…