State treasury receives EGP 24.92bn from CBE’s total profits in FY 2015/2016 ending in June
According to the CBE’s financial statements approved on 20 September, the bank's…
5 banks in Egypt account for 71.47% of banking sector’s total profits as of June: CBE
The sheer capital of banks amounts to EGP 100.72bn, with the top…
Banque Misr aims to boost SME loan portfolio to EGP 30bn in next few years
Banque Misr aims to increase the size of its small- and medium-sized…
MIDB aims for EGP 350m in profits by end of year: managing director Amr Tantawi
As FEB representative and newly-appointed EGX board member, Tantawi will coordinate between…
CBE vows to ‘punish’ banks lagging behind in SME support
The Central Bank of Egypt (CBE) vowed to punish banks that lagged…
Issued credit cards increase to 3.8m at June’s close: CBE
The number of credit cards at banks operating in the Egyptian market…
Non-performing loans fall to 5.9% as of end of June: CBE
Private sector accounts for 70.6% of total loans provided by banks to…
CBE fixes pound’s price against US dollar on Tuesday, market still awaiting devaluation
Possibility of launching exceptional auction completed ruled out for now, as the…
Banque Du Caire finances purchase of 7,317 residential units within CBE real estate financing initiative
Banque Du Caire purchased 7,317 residential units for low and middle-income segments…
Making currency exchange price more flexible is essential part of government’s programme: IMF
Egypt pledged to obtain half of bilateral funds and negotiations are ongoing,…
