Latest Banking News
Banks’ net profits increase to EGP 70.2bn by end-2018
Ten biggest banks account for 63.9% of sector’s total profits, while 5…
Egyptian market expects another interest rate cut on Thursday
Several factors favour cut, others weigh on fixing, final decision is in…
NBE extends working hours at 64 branches for tax e-payment services
The National Bank of Egypt (NBE) decided to extend its working hours…
US dollar records lowest level against Egyptian pound since March 2017
Pound value against dollar gains over 23 piasters in March, 62 piasters…
Faisal Islamic Bank of Egypt purchases new office in Smart Village
Faisal Islamic Bank of Egypt has bought a new office with an…
EGP 735.59bn bank investments in T-bills by end-December 2018: CBE
Banks supported their securities portfolio with EGP 202.23bn in 2018
Nine private, foreign banks in Egypt gain net profits of EGP 25.80bn in 2018
Five banks only earn billions in net profits, other banks acquired under…
NBE allocates EGP 123m to legalise situation of Shaq El Teaban investors
Bank studies 300 applications seeking to obtain facilities
CBE governor calls for enhancing independence of central banks in Africa
During meeting of Association of African Central Banks in Dakar
Banque du Caire opens regional office in UAE for Gulf customers
Enhancing bank’s existence abroad one of our top priorities, says Fayed