Latest Banking News
Al Baraka Bank elevates interest rates, introduces triple certificate with 22% annual yield
Al Baraka Bank has announced an increase in interest rates across various…
Liquidity in Egyptian banking sector rises to EGP 9.12trn in February 2024: CBE
Non-governmental bank deposits in local currency increase to EGP 6.447trn
Suez Canal Bank announces new leadership appointments
El Maghraby appointed as CEO and Managing Director, Tantawi to serve as…
NBE acquires 24% share in Hyde Park Developments
Licensed capital estimated at EGP 10bn, land portfolio exceeds 6 million square…
CBE introduces new controls for updating customer data in banks
Banks must obtain CBE approval for electronic client data updates and have…
CIB’s Extraordinary General Assembly approves issuance of financial instruments worth $1bn
The Extraordinary General Assembly of the Commercial International Bank (CIB) has authorized…
CBE approves capital increase for Banque du Caire
The Central Bank of Egypt (CBE) has granted approval for Banque du…
Suez Canal Bank measures carbon footprint: A milestone in sustainable financing
Suez Canal Bank announced that it has completed measuring the carbon emissions…
CBE unveils key banking soundness metrics for 2023
Banks’ net profits hit EGP 283.388bn, with top 10 banks comprising 74.92%…