Latest Banking News
CBE to offer $800m worth T-Bills next Monday
The proceeds of the tender goes to repay a previous tender worth…
IDB to open first business centre in Borg Al Arab in 2020
Among those activities was the bank’s sponsorship of the Business Centre for…
Al Ahly Capital acquires Pharos Securities
The bank finishes the procedures for acquiring Pharos Securities, Pharos Portfolio Management,…
CBE reveals most prominent bank financial safety indicators by 3Q2019 end
EGP 306bn increase in the total financial position of banks to reach…
Egyptian banking sector’s net profits reach EGP 60.758bn in September
Top five banks hold 48.98% of total profits, and biggest 10 gain…
CBE postpones MPC meeting to 16 January to decide on interest rates
After four interest cuts since the beginning of 2019, analysts and bankers…
Balances of HDB’s Children & Youth Saving Account total EGP 645m
Bank prepares for a national savings project in cooperation with youth and…
MSMEDA undertakes EGP 62m urban development in Cairo’s Zawya El Hamra
The project’s finance granted by AFD
CBE raises limits on consumer loan instalments to 50% of borrower’s total monthly income
The CBE decided to keep the maximum for personal housing loans at…
Banque du Caire leads banking alliance to raise €150m for financing MDF factory
The factory is being built in Idku, Beheira, with a production capacity…