Latest Banking News
Banque du Caire, MSMEDA sign EGP 500m microfinance contract
Banque du Caire's microfinance portfolio reaches EGP 6.5bn benefiting 240,000 customers, targeting…
The Biggest Ever Cases of Bank Fraud
Bank fraud is the criminal act of breaching the security measures of…
IDB to increase mortgage finance to low-income customers to EGP 1.5bn
The financing is offered at 5% and 7% interest rates, as part…
20 banks finance 254,200 beneficiaries by EGP 24.6bn in CBE’s mortgage finance initiative
8 companies inject EGP 1.5bn, Taamir Mortgage tops with EGP 551.6m with…
14.8% growth in Faisal Islamic Bank of Egypt’s assets during 2019
Bank manages 1.701m accounts for its clients worth EGP 82.896bn
Arab banking sector is stable, able to withstand shocks despite challenges and risks: AMF
Arab banking sector assets reached $3.4trn by end-2018 equivalent to 124% of…
SMEs account for 61% of the total ABE loan portfolio: ElKosayer
Bank pumped EGP 19bn to about 900,000 SMEs
Egypt’s Long-term external debt at 87%: Amer
13% of short-term debts are deposits from Arab countries that are renewed…
CBE issues new regulations for microfinance in banks
Excluding credit portfolios purchased from micro finance companies or associations in 20%…
ABE signs cooperation protocol with World Food Programme
It’s part of bank's efforts to support, finance development projects, especially in…