Latest Banking News
Egyptian Arab Land Bank to reassess asset holdings in period of transition: Deputy Chairman Al-Sharqawi
The bank plans to transfer EGP 5bn in assets to a real…
Financing is most important requirement for developing SMEs: UAB
CBE initiatives target facilitating required financing for these projects, says CBE deputy…
International purchase of treasury bills falls to lowest since 2011: CBE report
The CBE will institute a hedging mechanism with a unified dollar exchange…
US dollar records EGP 11 in informal market Tuesday: traders
The CBE provides the US dollar to banks in the local market…
CBE revises mechanism of US dollar allocation
The CBE allocated $120m to banks on Tuesday to finance the import…
NBE loans EGP 1bn to 1,734 micro and small-sized enterprises in February, March 2016
The bank provided EGP 23.4bn to 48,000 SMEs through of March 2016
Banking market does not need another credit bureau: CBE deputy governor
A few days ago, a number of Egyptian and US investors filed…
Banking expert warns against further EGP devaluation, unless CBE is prepared
The CBE should have enough dollar liquidity to control the market, otherwise…
Analysts expect further EGP devaluation against dollar
Analysts cannot predict the timing and percentage of devaluation
No serious steps taken so far to sell United Bank, offer shares of AAIB, Banque du Caire in IPO: CBE deputy governor
This issue is still being studied, and we are coordinating with Kuwait…