HDB conducting public lottery for social housing land in January 2017
The Housing & Development Bank is currently conducting a lottery for social…
Banque du Caire to inject EGP 1bn across various economic sectors in 2017
Sectors include transportation, logistics, construction, industry, food, and commodities
QNB Al-Ahli cooperates with VISA to promote electronic payments
The bank is preparing to launch mVISA service for the first time…
AAIB seeks to attract more investments, contribute to development in the SCZone
The bank signed a memorandum of understanding with the General Authority for…
Banks achieve net profits worth EGP 30.143bn in Egyptian market until September 2016: CBE
The five largest banks acquire 44.32% of total profits, 42% of total…
Non-performing loans reach 5.9% by the end of September 2016: CBE
The private sector acquired 70% of total loans offered by banks to…
Government borrows EGP 1.121tn through bills, bonds during 2016
Ministry of Finance intends to borrow EGP 299.019bn from banks in Q1…
EGP 27.4bn increase in total credit facilities granted by banks to clients during Q1 of FY 2016/2017: CBE
The private sector accounted for 59.6% of the total of these facilities…
Egypt’s foreign debt jumps to $60.15bn by end of Q1 of FY 2016/2017: CBE
Egypt's foreign debts have jumped to $60.15bn during the first quarter (Q1)…