Latest Banking News
Egypt’s annual urban headline inflation declines to 5.4% in December 2020: CBE
Subsequent inflation target has been set at average of 7% (±2%) during…
BLOM BANK announces execution of SPA for Egypt operations
A definitive agreement has been signed by BLOM Bank and the Arab…
HSBC eyes regional growth opportunities as GDP, trade rebound
HSBC has ambitious business plans in the Middle East, North Africa and…
Crédit Agricole Egypt releases first integrated sustainability report
Bank’s report highlights its keenness to preserve environment and commitment to Paris…
Bank ABC completes acquisition of BLOM Bank’s Egypt operations for $480m
BLOM Bank Egypt employees expect new owners’ delegation to review work system
Banks adhere to cash dividends halt in Egypt to support capital base
Decision aims to maintain banking sector’s integrity, take proactive steps to meet…
Central Bank of Egypt explores ways to salvage tourism amid COVID-19 crisis
The Central Bank of Egypt (CBE) Governor, Tarek Amer, has held a…
ECB’s Lagarde says to go forward with digital euro
According to the ECB, a digital euro would be an electronic form…
Central Bank halts cash dividends at banks in anticipation of continued pandemic
Banks will not make cash dividends from profits or retained earnings to…
Egypt’s external debt rises to $125.3bn in September 2020
Long-term dues account for 90.2% of country’s total external debt