Tag: banks

Foreign currency inflows rise in banks, exchange offices following EGP liberalisation

Average dollar value decreases by EGP 1.7 from its peak after flotation,…

Hossam Mounir Hossam Mounir

Banks operating in Egypt expand financial muscle as total position hits EGP 15.165trn in October 2023: CBE

Credit facilities increase to EGP 5.179trn, with the private sector accounting for…

Hossam Mounir Hossam Mounir

Egyptian banks thrive despite challenges, plan for future with ambitious strategies

Egyptian banks have overcome various challenges from the local and global economies…

Hossam Mounir Hossam Mounir

Banks to review interest rates on savings, loans after CBE’s 2% rate hike

The Assets and Liabilities Committees (ALCO), which are in charge of setting…

Hossam Mounir Hossam Mounir

Five banks finance over 210,000 projects with EGP 27.8bn under ‘Mashrou’ak’ initiative

Banks are NBE, Banque Msir, Banque du Caire, HDB, and ABE

Hossam Mounir Hossam Mounir

CBE reports EGP 14.742trn total financial position of banks in 3Q 2023

Capitals register EGP 323.776bn, reserves EGP 492.386bn, and allocations EGP 305.455bn

Hossam Mounir Hossam Mounir

Banks in Egypt post EGP 212.58bn net profits 9M 2023: CBE

The Central Bank of Egypt (CBE) announced that banks operating in the…

Hossam Mounir Hossam Mounir

Major global central banks keep interest rates unchanged, CBE decision next Thursday in focus

Market indicates that CBE’s meeting will come with no surprises as inflation…

Hossam Mounir Hossam Mounir

Six banks collaborate on EGP 2bn financing for Abd El Salam El Feky & Partners

Led by the Export Development Bank of Egypt (EBank), a consortium of…

Daily News Egypt Daily News Egypt