Latest Banking News
IDBE, DFC sign cooperation protocol to finance furniture manufacturers
Protocol comes in line with the CBE's initiative to support SMEs, Fahmy…
CR2 negotiates with 2 banks in Egypt to provide e-payment services
There are three banks working with CR2 in Egypt, we aim to…
SAIB’s strategy to be finalised, presented to board by end of 2018: chairperson
Programme will be presented to board to be discussed before offering it…
AAIB opens six new branches in Greater Cairo, governorates, aims to increase number to 100
The series of branches includes Souhag, Sukhna port, Mandara, Abbasia, Shams Club,…
United Lease aims to increase activities to EGP 2bn by end-2018: Maher Abu Setit
The company started operation in H2 of 2017, with 90% stake owned…
CBE’s renewal of repurchase agreement with international banks to provide some support for FX reserves: Beltone
Company expects local currency will stabilise against dollar for rest of 2018,…
Egyptian banking sector showed remarkable resilience, flexibility before political, economic challenges: UAB
Financial bank indicators operating in Egyptian market confirm existence of financial safety,…
NPLs fall to 4.3% of total loans at end June 2018: CBE
Provisions to combat doubtful debts amounted to EGP 109.294bn in H1
QNB ALAhli accounts for 7.93% of total loans, 5.64% of deposits in Egypt
Bank's LDR amounted to 67%, up from sector's average of 45%
NBE ranks as first bank in Egypt for syndicated loans: Bloomberg
NBE relies on large capital base, exceeding EGP 98bn, enabling it to…