Latest Banking News
Banks to study impacts of interest rate cut on savings, loan products
Returns on some savings certificates and loans automatically dropped by 0.5% after…
Egypt’s new banking law comes into force after Al-Sisi’s ratification
Banks obliged to reconcile their conditions under its provisions within 1 year,…
CBE reveals bank performance indicators for H1 2020
Banking sector deposits rise to about EGP 4.7trn, financial position of banks…
State banks see limited changes to Boards of Directors
Renewal for Okasha, El-Etreby and their deputies at NBE and Banque Misr,…
Scrapping 15% saving certificates to positively affect banks, raise profits
Suspension of these certificates will increase competition among banks in attracting household…
CIB Celebrates One Year Since Signing the UNEP-FI’s Principles for Responsible Banking
The Bank is celebrating a year of achievements on the sustainability front…
CBE expected to keep interest rates on hold Thursday
NBE, Banque Misr decision to halt 15% certificates and reduction of NIB…
NBE, Banque Misr halt 15% saving certificates after achieving EGP 383bn in sales
National Investment Bank reduces return on A, B saving certificates
Non-performing loans in Egypt’s banks drop to 3.9% end-June
Banks allocate EGP 150.079bn to address doubtful debts, alongside reserves of EGP…