CBE expected to increase interest rate by 1% on Thursday
High inflation, application of VAT would raise Egyptian pound’s interest rate by…
NBE finances purchase of 12,500 low-income housing units worth over EGP 1bn
The CBE previously launched an initiative to stimulate mortgage funding for low-income…
HDB suspends cards of manipulative clients, closes their accounts: chairperson
Banks are making great efforts to solve foreign currency shortage in Egypt
UAE deposit boosts CBE foreign exchange reserves by $1bn in August
The Central Bank of Egypt (CBE) revealed on Sunday evening that its…
2.4m small, microenterprises operating in Egypt as of end of 2015: CAPMAS
Agency recommends integrated national system for information about SMEs be formed; procedures…
NCR intends to offer omnichannel service in Egypt: managing director for Africa
The company aims to supply Egyptian banks with the latest banking technology…
UNB aims to boost SMEs financing to 8% of its total loans portfolio by end of 2016: vice chairperson
Union National Bank-Egypt (UNB) aims to boost its financing directed to small-…
United Bank intends to participate in the loan arranged for TE: bank’s chairperson
Volume of bank’s syndicated loans portfolio amounts to EGP 500m, with most…
AIB aims to increase loans granted to SMEs to EGP 7bn in 4 years: chairperson
The bank invested EGP 600m in the SMEs sector in 2015, with…
15.7% decline in Egypt’s trade deficit in June: CAPMAS
EGP 2.3bn increase in exports and EGP 3.2bn decrease in imports