Latest Banking News
Egypt’s foreign debt grows by $5.6bn at end of Q3 FY 2015/2016: CBE
The new figure marks an increase of $5.6bn (11.8%), the CBE reported
No intention to turn PBDAC into commercial bank: chairperson
We seek to change the misconception that we simply offer fertiliser to…
Six problems facing the bank in the coming period: PDBAC chairperson
The challenges include resolving EGP 4bn worth of non-performing debts, raising efficiency…
Beltone acquisition of CI Capital falls apart
On Thursday, Beltone announced it was unable to reach an agreement with…
NBE signs EGP 1.98bn loan with Alexandria National Refine and Petrochemical
The loan is earmarked to establish a naphtha and continuous catalyst regeneration…
CBE issues new regulations for financing agriculture, industry medium enterprises
The Central Bank of Egypt (CBE) issued on Wednesday the regulations for…
Banking sector provides $33.7bn to cover needs of state, importers in 7 months: CBE’s Governor
Amer demonstrates with Al-Sisi the CBE’s efforts to support foreign exchange reserves…
CBE reprints EGP 1 banknotes to face small change shortage
The new EGP 1 banknotes will be signed by Governor of the…
Banks prepare to receive donations from citizens for charities at beginning of Ramadan
Dozens of organisations will receive donations, such as the Misr El Kheir…
Barclays continues to implement its expansion plan in Egypt despite bank’s sale: finance director
The plan includes five pillars, the most important of which is the…