Latest Banking News
NBE granted EGP 1.65bn to 2,663 small and very small enterprises over 4-month period: deputy chairperson
73% of the enterprises were granted loans to expand their activities, 27%…
Public banks stop selling their 15% interest certificates on Sunday
The three state-owned banks have begun offering these certificates in mid-March 2016
NBE’s net profit EGP 5.8bn in the first half of FY 2015/2016
The bulletin stated that the total equity at the bank amounted to…
Local, international institutions offer to invest $1.5bn in treasury bills
Interest rate on bills stabilised at same level as the CBE's latest…
Banque Du Caire to invest EGP 700m in transport, electricity sectors: chairperson
The bank will focus on the energy and transport sectors in part…
CBE provides banks with $118.7m in weekly auction
The CBE sold US dollars at a fixed price of EGP 9.78.…
Issued credit cards increased to 2.813m at December’s close: CBE
Top five banks operate 97% of electronic points of sale and 63.7%…
NBE, CIB, Banque Misr, QNB Al-Ahli, HSBC hold over half of banking sector’s total profits as of December 2015
The CBE said in a recent report that the net profit of…
Five banks acquire 59.6% of banking sector total assets: CBE
Top ten banks acquire 72.4% of total deposits, 67.6% of loans, from…
23.1% increase in value of financial investments for banks: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) issued on Thursday…