UAB, World Bank to conclude study on initiatives to support SMEs
There are serious steps being taken to support SMEs in Egypt, Sudan,…
CBE governor claims responsibility for reduction of pound’s value against dollar
In a meeting with the CBE deputy governor and various banking officials,…
NBE records EBT of EGP 10.4bn during FY 2014/2015
The bank also achieved a 23% growth in loans granted to small…
Banque Misr pays EGP 3.6bn in taxes, achieves highest net profit in its history
The bank’s net profit reached EGP 4.2bn in FY 2014/2015, compared to…
AIB aims to increase SMEs loans portfolio to EGP 7bn by 2020
The volume of loans provided to SMEs amounted to EGP 1.5bn, equal…
CBE sells $1.5bn to cover portion of temporary credit facilities to importers
Banks are required to redeposit amounts obtained in the CBE auction with…
CBE to hold exceptional $1.5bn auction
CBE sold $200m to banks operating in the local market at rate…
NBE, Banque Misr issue CDs with 15% yield
The NBE and Banque Misr will issue the CDs beginning on Monday…
Pound devaluation shakes market
EGX-30 jumps by 6.7%, amid renewed hopes for FDIs and major concerns…