Latest Banking News
CIB, GlobalCorp seal EGP 2.54bn securitized bond deal
Commercial International Bank (CIB), Al Ahly Pharos, and GlobalCorp have completed a…
Parliament abolishes old laws on 3 banks, subjects them to new banking law
The House of Representatives has passed Law No. 170 of 2023, which…
CBE refutes reports of United Bank transaction
The Central Bank of Egypt (CBE) affirmed that the information circulating regarding…
saib Bank reports 78% growth in profits to EGP 1.07bn in 1H 2023
saib Bank, led by Tarek El-Khouly, Chairperson and Managing Director of the…
Misr Digital Innovation applies to obtain digital bank licence
Company expects to launch new service within few months
Suez Canal Bank increases its issued, paid-up capital to EGP 5bn: Refaie
Bank increases its capital by EGP 3bn over 5 years, with a…
ABE obtains funding worth EGP 3.583bn from MSMEDA
Amount was used to finance 160,000 micro, small enterprises in various sectors
Al Baraka Bank records EGP 1.59bn in profits in 1H 2023, with 38% growth
Al Baraka Bank has announced that its profits before tax exceeded EGP…
Suez Canal Bank announces 134% increase in net profit to EGP 628m during 1H 2023
Suez Canal Bank’s general assembly approves increasing paid-up capital to EGP 5bn…
