Latest Banking News
$510m increase in Egypt’s foreign exchange reserves in May: CBE
The Central Bank of Egypt (CBE) announced that foreign reserves increased by…
IMF hires CBE deputy governor to pen fiscal, monetary policies for emerging nations
Rania Al-Mashat will assume her duties in early August
CBE receives banks’ proposals to amend Banking Law
The CBE’s legal department should compile suggestions and form a committee for…
CBE sets new regulations for marketing banking products at gatherings, conferences
The CBE’s approval is required for delegates to market their products, says…
NBE aims to increase size of SMEs portfolio by 20% by end of next June: deputy chairperson
The bank follows a special philosophy in dealing with these enterprises based…
Barclays rules out financing SMEs during current period
We want to have a good position in financing SMEs first, we…
El-Salawy appointed as CEO of ABK Egypt
El-Salawy was the deputy chief executive officer at the Union National Bank…
Banking services exempted from VAT, banks call for further clarification
Previous disputes between banks and the Egyptian Tax Authority on the definition…
NBE studying expansion into Saudi market in next period
Bank collected $500m from foreign currency saving schemes
Barclays Egypt awaits sale of local unit to implement strategic plans
EGP 1bn achieved in SMEs financing portfolio as of March
