Latest Banking News
Central banks lose over $175bn of FX reserves due to COVID-19
Egypt’s banking sector has survived decline in foreign investments, reflecting economic stability
Bank Audi – Egypt announces positive COVID-19 case at administrative building
Bank Audi - Audi has informed the Ministry of Health of the…
NBE issues new investment certificates, raises return on another
The NBE has also decided to increase the return on another 3-year…
Arab central banks council highlights digital transformation on Financial Inclusion Day
Implications of coronavirus highlight importance of accelerating transition to digital financial services,…
CBE highlights financial soundness indicators of local banking sector
Bank profits reach EGP 83.184bn last December: CBE
CIB acquires 51% of Kenya’s Bank Mayfair in $35.35m deal
The deal reflects our commitment to increasing trade between African countries, says…
Egypt’s banks report EGP 83.18bn net profits in 2019: CBE
Top 5 banks account for 50.1% of sector’s total profits, top 10…
Daily cash withdrawal, deposit limits for individuals amended during Ramadan
Individuals can withdraw up to EGP 20,000 daily from ATMs, EGP 50,000…
NBE raises authorised capital to EGP 100bn, paid-up capital to EGP 50bn
Bank sees significant e-banking services expansion during FY 2018/19
CBE issues new controls on loan instalment postponement
In March, the CBE issued regulations due to the coronavirus oubtreak allowing…