Hossam Mounir

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CBE expected to increase interest rate by 1% on Thursday

High inflation, application of VAT would raise Egyptian pound’s interest rate by…

Hossam Mounir

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…

Hossam Mounir

HDB suspends cards of manipulative clients, closes their accounts: chairperson

Banks are making great efforts to solve foreign currency shortage in Egypt

Hossam Mounir

UAE deposit boosts CBE foreign exchange reserves by $1bn in August

The Central Bank of Egypt (CBE) revealed on Sunday evening that its…

Hossam Mounir

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…

Hossam Mounir

NCR intends to offer omnichannel service in Egypt: managing director for Africa

The company aims to supply Egyptian banks with the latest banking technology…

Hossam Mounir

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-…

Hossam Mounir

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…

Hossam Mounir

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…

Hossam Mounir

15.7% decline in Egypt’s trade deficit in June: CAPMAS

EGP 2.3bn increase in exports and EGP 3.2bn decrease in imports

Hossam Mounir