Tag: banks

Central Bank of Egypt issues instructions to manage operating risks at banks

The Central Bank of Egypt (CBE) has issued new instructions regarding the…

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EGP 481bn increase in financial position of banks in Egypt during Q3 2020

CBE indicated that the capital of the 10 largest banks operating in…

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913 banks, financial institutions benefit from Egyptian Credit Bureau’s services

I-Score has database of credit information for 18.6 million individuals, 415k SMEs

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Egypt’s internal trade authority to open commercial registry offices in banks for first time

First Assistant Minister of Supply and Head of the ITDA, Ibrahim Ashmawy,…

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Financial position of banks in Egypt increases to EGP 6.676trn in August 2020: CBE

Volume of bank deposits records EGP 4.9trn, with credit facilities reaching EGP…

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Top 10 Egyptian market banks report EGP 14.661bn in net profits in September

QNB Alahli accounts for 38% of total profits achieved by top 10…

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Banks in Egypt discuss fate of interest rates following CBE’s cut

Yield of some savings certificates, loan products automatically decreases by 0.5%, while…

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Financial position of banks in Egypt up EGP 96.9bn in July 2020: CBE

Volume of doubtful debts allocations amounts to EGP 150.877bn, reserves amount to…

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Local currency deposits with Egypt banks up EGP 80.104bn in August: CBE

In a recent report, the CBE stated that demand deposits in local…

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6 banks provide EGP 15.4bn to ‘Mashro’ak’ programme by end of August 2020

Upper Egypt largest beneficiary of development projects implemented, seeing 79,000 projects put…

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