Latest Banking News
Al-Sisi appoints Fakhry Elfiky as CBE’s board member
Elfiky has a 35-year international experience in the fields of economic and…
AAIB finances PSA plane purchase worth $20.5m
Loan extended over 5 years, expected to be disbursed starting June
New Banking Law prohibits establishment or operation of platforms for issuing, circulating e-currencies without license
Law grants CBE's board right to issue regulation, circulation, dealing rules with…
Bank Audi Egypt seeks to strengthen its presence in Egyptian market
Bank can support its presence among largest financial institutions in Egypt, Middle…
Egyptian pound continues value upward trend against US dollar
US currency lost over EGP 1 since beginning of 2019, including 34…
CBE encourages banks to invest in funds for emerging small businesses
Decision comes complementary to previous efforts by CBE to support MSMEs, says…
Banks’ credit facilities see EGP 206.7bn increase in last 8 months: CBE
Private enterprise sector denominates 60.8% of total facilities, with industry in lead
New Banking Law requires 25 banks, 4 foreign branches to raise capital
Banks such as IDB, ABE, ELAB, EBE do not fall under the…
IDB posts EGP 281m in net profits end 2018
Bank's financial position rose to EGP 24bn from EGP 19.7bn in 2017,…
US dollar loses over EGP 1 of its value since start of year
Expectations for US dollar to reach EGP 16.5