Latest Banking News
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…
CBE reveals most prominent indicators of financial viability in Egypt’s banking sector during 3Q 2021
Banking system records EGP 80.103bn net profits, with top 10 banks accounting…
NBE, Misr Life Insurance launch new investment fund
The amount of insurance in the “Al-Ahly Life” fund is equivalent to…