Latest Banking News
Ambiguity surrounds CBE governor’s fate as his term comes to close
Mohamed Barakat, Tarek Amer tipped as potential replacements for Ramez
Letter of intent for €80m signed by CIB, French Development Agency Group
CIB and AFD aim to finance and promote climate and environment benefiting…
QNB-Alahli acquires 7.95% of total loans, 5.62% of deposits for banks operating in Egypt
The bank’s loans-to-deposits ratio increased to 58%, compared to the 41% average…
Banque du Caire launches product to combine advantages of insurance, savings
Clients will also be able to borrow money, and issue credit cards…
EBRD loans NBK – Egypt $50m to finance SMEs
The loan contract was signed on Thursday by Managing Director of NBK…
Banknote issuance increases to 13.09% of GDP in June: CBE
The rate of banknote issuance reached about 15.06% of GDP in June…
28 banks offer to invest EGP 225.98bn of surplus liquidity in CBE deposits
The CBE raised the Deposit Operation mechanism on Monday, in order to…
United Bank seeks new, strong banking entity: Abdel Hamed
The bank aims to finalise bad debts portfolio, spread its branches and…
Banque Misr achieves new milestone in electronic payments
Banque Misr allows companies to pay their due payments to the government…
Vital incentives to encourage foreigners to invest in governmental debt instruments: El-Kosayer
According to CBE, foreign investors were the second largest investors in Egyptian…