Latest Banking News
Local currency non-governmental bank deposits grow to EGP 4.38trn in November 2021: CBE
In a recent report, the CBE explained that deposits in local currency…
CBE approves launch of e-portal for smartphone wallet management
There are over 25 million e-wallets now in Egypt, with 27% growth…
CBE receives 33 bids worth $1.037bn for T-bills issuance denominated in US currency
The Central Bank of Egypt (CBE) received 33 bids from local and…
ADIB-Egypt’s groundbreaking ‘Xcite’ account provides financial freedom for youth
ADIB-Egypt has launched its innovative “Xcite” new account, designed exclusively for 16…
Suez Canal Bank participates in 2 securitisation issuances worth EGP 200m
The bank participated with EGP 100m in the securitisation issuance of Global…
CBE’s assets increase to EGP 2.412trn in November 2021
According to the CBE’s financial position report for November, the bank’s balances…
Attijariwafa Bank Egypt takes part in 4 securitisation bond offerings worth EGP 700m in 4Q 2021
The bank participated as a coverage guarantor with a value of EGP…
Net foreign assets of banking system increase EGP 23.923bn in September 2021: CBE
Household sector accounts for 83% of total bank deposits, while private business…
National Bank of Egypt reveals main axes of its strategic plan for 2022
Bank aims to offer EGP 45bn retail loans, EGP 35bn funds for…
CBE extends emergency decisions to deal with COVID-19 repercussions to June 2022
CBE decides to extend initiative to support tourism sector for additional year…