Latest Banking News
Suez Canal Bank achieves 24% growth in net profit before appropriation
Bank records 11% growth in loan portfolio in September 2020
Initial audit report had no substantial effect on CIB financial position: Chairperson
Sami stressed that CIB pays great attention to CBE notices regarding compliance…
Banks in Egypt discuss fate of interest rates following CBE’s cut
Yield of some savings certificates, loan products automatically decreases by 0.5%, while…
CBE expects inflation to average under 6% in Q4 2020
Interest rate cut currently provides adequate support for economic activity, consistent with…
HDB records EGP 1.9bn in profit before tax during 9M 2020
Positive results recorded despite economic challenges, exceptional circumstances this year: Chairperson
CBE to discuss fate of interest rate on Thursday
MPC meeting is shrouded in ambiguity regarding expected decision, as some analysts…
NBE receives $108bn inflows since exchange rate liberalisation: Vice Chairperson
Aboul Fotouh told Daily News Egypt that the NBE has opened documentary…
CBE to launch €690m worth T-bill tender on Monday
The proceeds of the issuance will be used to pay the value…
After 4 years, Egypt’s exchange rate liberalisation proves its economic boon
Egypt sees $400bn in foreign exchange flows since decision enforced in November…