Banks report strong Q1 2024 profits in Egypt despite economic challenges
Banks' net profits reach EGP 156.223bn in Q1 2024: CBE
Banks raise credit card limits, reduce currency management commission by 50%
CIB, NBE at forefront of decision
CBE introduces new controls for updating customer data in banks
Banks must obtain CBE approval for electronic client data updates and have…
EGP 283.3bn net profits for banks in Egyptian market in 2023: CBE
Total financial position of banks records EGP 15.165trn
Foreign currency inflows rise in banks, exchange offices following EGP liberalisation
Average dollar value decreases by EGP 1.7 from its peak after flotation,…
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…
Egyptian banks thrive despite challenges, plan for future with ambitious strategies
Egyptian banks have overcome various challenges from the local and global economies…
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…
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
Banks provide EGP 63.729bn for low-income mortgage finance initiative in 2023
NBE leads with 26.1% of total financing