Latest Banking News
Turkish central bank cuts rates after failed coup
Turkish stocks and the lira have remained under selling pressure after a…
CBE stabilises Egyptian pound against the US dollar at EGP 8.78
The CBE sold roughly $118.6bn to the banks through its tender.
Europeans shop for convenience as e-payments skyrocket
Europeans ‘touched to pay’ three billion times in the last 12 months,…
CBE denies any amendments to maximum foreign currency amount allowed to exit Egypt
The recent regulations did not include the foreign exchange, the CBE said…
Japan’s SoftBank to buy British chipmaker ARM
The Japanese cellphone carrier SoftBank is buying the chipmaker ARM, the most…
Industrial sector accounts for 32.6% of credit facilities in April: CBE
The industrial sector accounted for 32.6% of the total credit facilities granted…
Did Al-Sisi reject the EGP devaluation during his last meeting with Amer?
Unofficial market and analysts increase pressure on CBE’s governor
EGP devaluation: did the market misunderstand Amer or was confusion intended?
Amer had ruled out devaluation of the Egyptian pound before exchange reserves…
Foreign investors conclude project agreements on EGP 12-13 dollar rate
Foreign companies seeking to invest in Egypt traded based on prices that…
Banque Du Caire allocates EGP 1.5bn to finance SMEs over 6 months: bank chairperson
SMEs define the future policy of the banking sector