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Financial bank indicators operating in Egyptian market confirm existence of financial safety, remarkable performance durability, despite difficult operating conditions
NBE, Banque Misr, CIB, AAIB on list of world’s largest 1,000 banks
Forum will be held between 26, 28 July in cooperation with CBE, FEB
Union stressed on importance of creating regulatory system that ensures safety of payments to enhance confidence of dealers with banking, financial sectors in Arab region
Egyptian banks are still operating well and achieved growth in most areas
Egyptian banks’ assets on the list account for 21% of total assets of Africa’s biggest 10, managing assets of $234.5bn
Egypt occupies fifth place according to the number of banks on the list, and QNB tops Arab banks in terms of size of assets
The Union of Arab Banks (UAB) will hold a de-Risking Forum entitled “Enhancing the Supervisory and Regulatory Frameworks Related to Correspondent Banking—de-Risking” from 19 to 21 August at the Grand Rotana Hotel in Sharm El-Sheikh. The UAB explained that this forum will shed light on the key challenges that are currently facing Arab and correspondent …
Egypt received $19.7bn in remittances from its citizens working abroad in 2015, says Fattouh
CBE initiatives target facilitating required financing for these projects, says CBE deputy governor
Private sector must be given larger role in the achievement of economic integration among Arab countries, says UAB
There are serious steps being taken to support SMEs in Egypt, Sudan, Tunisia, Oman, Morocco, Iraq, and Libya, says secretary-general
Despite apparent benefits, financial inclusion faces continued setbacks, says Fattouh
Participants in the forum called upon Arab banks and financing institutions to adopt new financing models for infrastructure projects, as they play a vital role in stimulating the economy.
Vice chairman of the Federation of Egyptian Banks and chairman of the National Bank of Egypt (NBE) Hisham Okasha said that only 8 million of 54 million eligible Egyptian citizens have bank accounts
The Union of Arab Banks (UAB) will hold the 20th edition of its Annual Banking Conference on 19 November in Beirut, Lebanon. The conference is entitled “Through Financial Inclusion: 2015-2020 Map” and will be held in coordination with a number of international regulatory institutions. The conference is considered one of the most significant annual conferences …
Movement of funds across the border is uncontrolled, there is no international law to regulate this process
The UAB also urged decision-makers in Arab countries to achieve harmony between strategies pertaining to small and medium-sized enterprise (SME) development, financial inclusion, education, and employment, to promote and support financial inclusion as a strategic objective for financial and social stability in the Arab region.
The conference, hosted in Sharm El-Sheikh, is being held in cooperation with the Central Bank of Egypt (CBE) and the Federation of Egyptian Banks (FEB).
The project aims to develop the canal as a waterway and increase the number of transiting ships to 97 vessels per day by 2023, instead of the current 49
Chairman of the Union of Arab Banks, Mohamed Barakat, the President of the European Banking Federation (EBF) and Vice President of the Financial Action Task Force (FATF), opened the conference.
UAB seeks, through addressing the World Bank, to develop a precise definition of the SME projects which aim primarily at helping Arab banks wishing to expand in the financing of this important sector, according to Barakat.