Latest Banking News
CIB reports EGP 7.542bn in pre-tax profit during H1 of 2020
Bank made allocations of EGP 2.260bn, compared to EGP 795m during same…
Crédit Agricole proud of about 50-year operation in Egypt: Country Managing Director
Crédit Agricole Egypt has successfully become market player and partner to Egyptian…
Banks in Egypt hedge against COVID-19 despite Q1 profit decline
Daily News Egypt monitors profit decline of 12 banks out of 16…
US dollar depreciates by 19 piasters against Egyptian pound last week
Egypt’s import bill has generally decreased, on back of commensurate decrease in…
Mashreq Bank Egypt appoints Haitham Hammad as Executive VP
Hammad will also be responsible for managing standard customer experience and quality…
HSBC Egypt appoints Todd Wilcox as Deputy Chairperson, CEO
Wilcox’s appointment was made with effect from 1 July, following the receipt…
NBE attracts 2 million subscribers to Meeza card service
About EGP 2bn in transactions undertaken using Meeza cards was in purchases…
Egypt banks see EGP 62bn increase in local currency deposits in May
NFA surplus with banks, CBE records about $5.3bn increase
CIB Egypt reserves hotel floor as quarantine for employees if needed
Bank adheres to state precautionary measures from the very beginning to prevent…
CBE provides EGP 69bn in facilities to support industry, agriculture, contracting sectors
5 industries, including F&B and plastics, acquired 60%, or EGP 41bn, of…
