Banks’ investments overseas: high diversity, multiple risks, derivatives completely prohibited
CBE placed several measures to hedge, expand investments, eliminate risky asset investments:…
Egyptian banks inject EGP 111bn to finance SMEs until June 2018: NBE
NBE aims to increase the volume of funds allocated for SMEs to…
Network International banks integrate Egypt’s Meeza payment scheme
NI partner banks among first acquiring banks in Egypt to integrate national…
Banks’ profits score EGP 45.843bn at end of June 2018
Top five banks account for 61.34% of profits, against 72.87% for 10…
Five banks grant syndicated loan of EGP 2.4bn to Oilex for establishment of industrial complex for extraction, refining, packaging of vegetable oils
Loan amounts to 61% of investment cost, financing extends over seven years,…
CBE alters banks’ granting of credit facilities to public business sector companies
New rules for banks dealing with companies engaged in financing instalment sales
Credit facilities granted by banks in FY 2017/2018 score EGP 203.2bn
Private sector acquired 62% of facilities, industries at forefront, CBE stated
Most banks in Egypt performed well in H1 2018
Financial statements of 10 banks reflect significant growth in profits by end…
Banks inject loans worth EGP 35.861bn, attract deposits worth EGP 41.5bn in April 2018: CBE
Private sector acquired 61.7% of total loans, EGP 11.4bn increase in individual…
For banks, 2018 is year of data
We are often told that regulation and technology are the key drivers…
