Latest Banking News
Egypt has great potential that enables it to recover quickly: Elsayed
We have been working in the Egyptian market for 80 years; we…
CBE expected to increase interest rate by 1% on Thursday
High inflation, application of VAT would raise Egyptian pound’s interest rate by…
EU banking reforms coming to an end
Eurozone banking supervisor Daniele Nouy is worried about high levels of non-performing…
HDB suspends cards of manipulative clients, closes their accounts: chairperson
Banks are making great efforts to solve foreign currency shortage in Egypt
UAE deposit boosts CBE foreign exchange reserves by $1bn in August
The Central Bank of Egypt (CBE) revealed on Sunday evening that its…
NCR intends to offer omnichannel service in Egypt: managing director for Africa
The company aims to supply Egyptian banks with the latest banking technology…
UNB aims to boost SMEs financing to 8% of its total loans portfolio by end of 2016: vice chairperson
Union National Bank-Egypt (UNB) aims to boost its financing directed to small-…
United Bank intends to participate in the loan arranged for TE: bank’s chairperson
Volume of bank’s syndicated loans portfolio amounts to EGP 500m, with most…
AIB aims to increase loans granted to SMEs to EGP 7bn in 4 years: chairperson
The bank invested EGP 600m in the SMEs sector in 2015, with…
Banks granted EGP 207.7bn more credit facilities over 11-month period: CBE
Industry sector accounts for 32.2% of the credit facilities; while only 1.4%…