Latest Banking News
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…
$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