Largest 10 banks acquired 72.11% of total deposits until September 2016: CBE
The share of the largest five banks of total deposits reaches 58.9%;…
SECON intends to inject EGP 2bn in Egypt through 2017
Exchange rate gaps must be calculated quickly to spare construction companies losses,…
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…