Latest Banking News
Egypt’s bank deposits in local currency increase by EGP 376.1bn during H1 2021
Deposits in foreign currency reach equivalent of about EGP 650.870bn in June…
ADCB appoints Inès Kadri as Head of Communications, Sustainability, Customer Satisfaction
Kadri has over 20 years of banking experience, during which she has…
CIB submits request to increase issued capital to EGP 19.7bn
The higher figure reflects an increase of EGP 4.92bn, and compares to…
Tamweely injects EGP 3.6bn of funds to over 141,000 clients
Company plans to expand network to 100 branches by 2021 end
Agricultural Bank of Egypt installs 750 ATMs in rural areas
This is considered a record period compared to the challenges facing the…
Cash on delivery drops 85% as consumer trust in digital payments continues to rise: Visa
Egyptian consumers increasingly stepping away from cash, and putting trust in digital…
Arab Banking Corporation offers to acquire BLOM Bank – Egypt
ABC wants to buy up to 300 million shares of BLOM Bank…
Egypt is vitally important for expansion in emerging markets: Citibank
Citi sees Egypt as a very important and critical country among emerging…
Central Bank of Egypt directs local market to abide by sustainable financing principles
Achieving SDGs requires banks directing financing to more sustainable economic activities
Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt
Continued rollout, development of vaccines is expected to support global economic recovery