Hossam Mounir

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22 banks offer EGP 79.2bn in mortgage financing, supporting 599,512 low-income clients as of February 2025

The Social Housing and Mortgage Finance Fund (SHMFF) revealed that 22 banks…

Hossam Mounir

Banks in Egypt to offer free account openings with no minimum balance

All banks operating in Egypt will offer free account openings starting Sunday,…

Hossam Mounir

United Bank achieves record-breaking results, net profits surge 60% to EGP 2.73bn in 2024

United Bank has announced standalone pre-tax profits of EGP 3.61 bn in…

Hossam Mounir

MSMEDA injects EGP 2.6bn to support over 95,000 small, micro projects in Qena

Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency…

Hossam Mounir

Egypt’s banking sector sees $37.8bn surge in net foreign assets over one year

Egypt’s banking sector, encompassing both the Central Bank of Egypt (CBE) and…

Hossam Mounir

Islamic banking in Egypt increases to EGP 1.14trn in 2024

The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing…

Hossam Mounir

Net foreign assets in Egypt’s banking sector surge to $8.7bn in January 2025: CBE

The Central Bank of Egypt (CBE) has reported a significant rise in…

Hossam Mounir

Reefy Microfinance pumps EGP 4bn into Egypt’s economy in 2024

Reefy Microfinance Enterprise Services has injected EGP 4bn in financing during 2024,…

Hossam Mounir

Finance Ministry to issue EGP 730bn in T-bills, bonds in March

The Ministry of Finance has unveiled its plan to issue 32 treasury…

Hossam Mounir

Private banks in Egypt achieve record profits in 2024

Private banks operating in the Egyptian market recorded unprecedented profits in 2024,…

Hossam Mounir