Latest Banking News
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
AAIB co-finances largest solar energy project in ME in Aswan
The Arab African International Bank (AAIB) has successfully contributed to financing the…
CBE approves establishment of Banque du Caire’s leasing company with EGP 100m paid-up capital
Company will contribute to a better future for bank's investment, financing plans:…