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…
Egypt’s MSME financing records EGP 181bn since January 2016: CBE
MSME initiative was launched by the CBE in January 2016. It has…
SCB chief reveals details of EGP 250m cash investment fund launch
New fund provides effective tool in cash management field, provides tax benefits,…
Banks in Egypt switch to IBAN standard to ease cross-border transactions
IBAN used in international transfers, standard method for accurate identification of bank…
CIB obtains $100m support loan from CDC
Loan forms part of executive management plans to strengthen CIB’s capital base,…
CBE amends tourism worker support initiative
The article includes the payment of salaries for tourism sector workers for…
FEB refutes rumors of Egyptian banks funding GERD
Mohamed El-Etreby, FEB Chairperson stressed that there are no Egyptian banks, or…
CIB named Bank of the Year, Credit Agricole most efficient: Business News
The Business News Composite Index consists of four main indicators that address…
CBE provides EGP 7bn guarantee for corporate financing
Initiative aims to benefit clients of industrial, agricultural, and contracting private sectors…
CBE confirms financial soundness of banks operating in Egypt
Banking sector’s financial position reaches EGP 6.165trn, capital adequacy ratio increases to…