CBE to convert $4bn worth of dues on importers to local currency
Tarek Amer holds frequent meetings with public bank heads to discuss developments…
Banking sector shaken by raised NBE, Banque Misr interest rates
Intensified meetings in banks to discuss the move’s effects on customer deposits
Banque Misr collects EGP 400m through certificates on first day
They surprised banking market with launch of two certificates with annual returns…
UNB-Egypt aims to acquire 5% of Egyptian banking market in 10 years: Vice Chairman
UNB supports Emirati investors in Egypt, and issued letters of guarantee worth…
Banque Misr, NBE issue savings certificates with 12.5% return
The step aims at combating dollarisation, and banks issued two similar certificates…
AAIB underwent significant expansions: Bank leaders
Bank launches14 new branches, number of ATMs increases to 321
Foreign exchange reserves increase $80m in October: CBE
Foreign exchange reserves at the Central Bank of Egypt (CBE) increased by…
400 private, government sector representatives to discuss financial leasing legislation
Partnership Development conference seeks to integrate financial leasing in economic development plans
Only 2% of total individual payments paid electronically in Egypt
Electronic individual payments can increase by 20% in seven years if supported…
Banque du Caire increases branches, banking units to 231
Bank opened six new branches and banking units, plans to expand in…