Latest Banking News
Opening Standard Chartered branch in Cairo proves confidence in Egyptian economy, banking sector: Pundits
British bank completes legal, logistical procedures to obtain final licence from CBE…
Total financial position of banks in Egypt stands at EGP 8.758trn in October 2021
Total bank deposits increase to EGP 6.191trn, credit facilities reach EGP 2.996trn
CBE sponsors 3-year programme to raise efficiency of microfinance associations
Programme will be implemented by EFFMSMP in cooperation with IFC
ADCB Egypt increases its capital to EGP 5bn
Capital increase shows bank’s ambition for growth in Egypt: El Sewerky
Foreign investors pump $970m into Egyptian market in 2 weeks: CBE
Investments include long-term bonds, treasury bills
Tamer Seif El-Din appointed as CEO and Managing Director of aiBANK
The appointment came after the completion of the acquisition of 76% of…
CBE reveals developments in commodity prices in 2021
Egypt’s annual urban inflation records 5.2% in 2021, compared to 5% in…
Egyptian banking sector handles pandemic’s repercussions efficiently: CBE
Banks adopt special measures that result in growth of their credit, investment…
Foreigners account for 22.6% of Egypt’s T-bills issuances in 1H 2021: CBE
In a financial stability report issued at the end of last week,…
NBE manages 51 financing deals worth over EGP 235bn in 2021
Bank ranks first in Egyptian, African banking markets as financing agent, main…