Latest Banking News
CIB, IFC move forward with Green Bond programme
Ongoing cooperation between both sides amounts to $70m
Islamic banking in Egypt valued at EGP 407bn in September 2021
Faisal Islamic Bank of Egypt in first place with turnover of EGP…
CBE directs banks to increase operation financing for companies in light of global prices hike
CBE Governor urges banks to end financial disputes with companies, individuals
ADCB – Egypt, SAS launch real-time AI system to combat fraud
New system is an important step towards achieving the bank’s strategy of…
Suez Canal Bank reports net profits of EGP 377m in September 2021
Bank’s total financial position increased to EGP 57bn in September from EGP…
saib registers $14.167m net profits in September 2021
The bank’s interest income recorded $299.5m in September 2021, compared to $302.3m…
CBE’s decision to increase women representation on bank boards is highly praised
Decision comes within permanent efforts of CBE to empower women economically, show…
CBE amends instructions on bank governance, board formation
Maximum two terms for non-executive board members, with limit of six consecutive…
CIB reports net income growth of 62% to EGP 3.81bn in 3Q 2021
Exceptional performance is driven by both balance sheet fundamentals and resilient solvency,…
CBE to issue $1.6bn worth T-bills on Monday
Proceeds of bid directed to pay previous tender worth $1.585bn