Latest Banking News
Overall bank balance of payments surplus estimated at EGP 4.68tn
The overall balance of payments (BoP) surplus of banks operating in the…
Foreign remittances reach $24.2bn a year since floatation
Increase among results of floatation, proof of confidence in Egyptian banks: CBE
EGP 51.9bn increase in deposits, EGP12.7bn increase in bank credit facilities during September 2017: CBE
Private sector received 61.95% of total non-governmental credit facilities in banks, industry…
EGP 49bn increase in loans for SMEs in 1 year: CBE deputy governor
CBE met NBG officials to identify bank strategy, no formal request yet…
Local banks, foreign financial institutions offer investments worth $1.29bn in Egyptian T-bills
Highest interest rate on investment in those bills is 3.5%, while lowest…
HDB offers doctors loans to fund clinic furnishing
The Housing and Development Bank (HDB) offers doctors the necessary funding to…
CIB, AUC graduate new batch of entrepreneurs
Bank aims to support startups to develop systems, technology solutions in field…
Non-performing loans decline to 5.3% of total bank loans end-September 2017
The percentage of non-performing loans at banks working in the Egyptian market…
2.2 million clients received microfinance by end-September 2017
The number of clients who obtained microfinance services reached 2.2 million by…