Latest Banking News
Agricultural Bank of Egypt launches initiative to settle EGP 4bn worth debt
This comes within the framework of the Central Bank of Egypt’s directives…
CBE to decide fate of local interest rates heading into 2021-end
Monetary Policy Committee expected to keep base rates unchanged for ninth time…
HSBC Egypt launches EGP 3bn ‘Foras Trade Fund’ for SMEs
Todd Wilcox, Deputy Chairperson and CEO of HSBC Egypt, said: “SMEs are…
First Abu Dhabi Bank cooperates with CBE to complete acquisition of Bank Audi: CEO Fayed
He believes this deal will contribute to strengthening the Egyptian investment opportunities,…
$222m increase in Egypt’s FX reserves during November 2021: CBE
Gold reserves also grow by $5m, while SDRs decline $197m
CBE signs protocol to link ‘Nafeza’ customs platform with banking system
This step is in line with the state's direction to implement the…
Delegation of 4 African countries visits Egypt to enforce cooperation on MSE development
Nevine Gamea, Egypt’s Minister of Trade and Industry, and Executive Director of…
Egypt’s external debt increases to $137.9bn in June 2021: Central Bank
Long-term debt ($124.2bn) accounts for 90.1% of total external debt, whereas short-term…
Egyptian businesses predict double-digit revenue growth: HSBC
83% of businesses expect profitability to grow in next 12 months