Latest Banking News
CBE activates electronic link between Egyptian banks, COMESA countries
The Central Bank of Egypt (CBE) held a workshop attended by 60…
AIBK signs partnership agreement with Fawry to provide e-payment services
Cooperation with Fawry is beginning of digital banking services, says Seif El-Nasr
NBE aims to increase assets to EGP 1.5tn by end-June 2018: vice chairperson
Bank seeks to increase its loans for major companies to EGP 350bn,…
NBE, Banque Misr discontinue their 20% interest rate saving certificates
The National Bank of Egypt (NBE) will discontinue offering the platinum saving…
CBE lowers interest rates 1% for the first time since floatation
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to…
Women receive 51% of total loans offered by SMEDA in 2017
Women more likely than men to pay off loans, the rate of…
Egypt’s international bonds rise to $16.64bn
Bonds are maturities ranging from 1-30 years, due in period from April…
ABE, SMEDA sign EGP 40m deal to finance women projects
60% of deal's value allocated to women below poverty line
Local, foreign financial institutions offer $1.213bn investments in Egyptian T-bills
Highest interest in tender amounted to 3.30%, lowest recorded 3.25%, with average…
Services sector 2nd largest beneficiary of bank loans: CBE
Private sector received 61.8% of banks’ total credit facilities by end-October 2017