Miza card to be activated in December: CBE Sub Governor
CBE considers issuing digital currency, says Hussein
Hossam Mounir
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MSMEDA funds 186,00 micro, small projects worth EGP 2.7bn in Al Sharqia: Gamea
The authority inaugurates its official website offering development services
CR2 negotiates with 2 banks in Egypt to provide e-payment services
There are three banks working with CR2 in Egypt, we aim to increase this number to eight banks by end-2019, said Soliman
SAIB’s strategy to be finalised, presented to board by end of 2018: chairperson
Programme will be presented to board to be discussed before offering it to CBE for approval
United Lease aims to increase activities to EGP 2bn by end-2018: Maher Abu Setit
The company started operation in H2 of 2017, with 90% stake owned by the United Bank, Abu Setit said
Egypt’s growth to accelerate to 5.5% in FY 2019: Standard Chartered
Fiscal consolidation is progressing, targets are ambitious
Consumer finance in Egypt worth EGP 70bn, requires putting activity under EFSA’s supervision: Omran
EFSA aims to increase volume of financial leasing to EGP 80bn by end of 2022
SMEDA pumped EGP 3.1bn to finance development projects in Assiut: Gamea
MoU signed between SMEDA, Assiut University to qualify graduates to establish, manage small projects
CBE’s renewal of repurchase agreement with international banks to provide some support for FX reserves: Beltone
Company expects local currency will stabilise against dollar for rest of 2018, with possibility of slight fluctuation below EGP 18 per dollar
Egyptian banking sector showed remarkable resilience, flexibility before political, economic challenges: UAB
Financial bank indicators operating in Egyptian market confirm existence of financial safety, remarkable performance durability, despite difficult operating conditions
NPLs fall to 4.3% of total loans at end June 2018: CBE
Provisions to combat doubtful debts amounted to EGP 109.294bn in H1
QNB ALAhli accounts for 7.93% of total loans, 5.64% of deposits in Egypt
Bank’s LDR amounted to 67%, up from sector’s average of 45%
SMEDA, ABE sign EGP 50m worth contract to support agricultural, livestock projects
Contracts signed between SMEDA, ABE since 1992 reached EGP 2.8bn
Outstanding balance of T-bills, bonds registered at EGP 2.013tn end of August
Proceeds from T-bonds offered abroad reached $18bn, €2bn
Net foreign reserves increase by $40m, reaching $44.459bn by end of September: CBE
Foreign currencies up by $60m, gold down by $19m
EBE, Misr Al-Khair sign cooperation protocol to establish agricultural greenhouses
Cooperation to increase agricultural productivity of vegetables, contribute to self-sufficiency, reduce prices, focus on export crops
Egyptian pound’s performance improves BOP: JP Morgan
Bank forecasts a current account surplus of 1.4% of GDP in 2019/20, as per report
Credit facilities granted by banks to clients until July score EGP 1.631tn
Private Sector acquired 61% of facilities, industries in forefront: CBE
Government intends to borrow EGP 498.75bn in Q2 FY 2018/2019
Finance Ministry floats T-bonds, bills worth EGP 192bn in October, EGP 153.5bn in November, EGP 153.25bn in December
BOP marks surplus of $12.8bn in FY 2017-2018: CBE
58.6% drop in current account deficit to $6bn, down from $14.4bn in FY 2016-2017
Omayma Farahat appointed as new chairperson of AIBANK succeeding Seif Al-Nasr
Farhat previously served as head of corporate credit sector at Ahli United Bank
Bank Audi aims to increase corporate Islamic finance portfolio to EGP 1bn by end 2018
Bank currently offers 12 different Shariah-compliant services through three branches
Banks injected EGP 110bn to finance SMEs within CBE’s initiative: CBE Deputy Governor
CBE secures EGP 2bn as CGC guarantee, encourages banks to finance agriculture projects, says Helal
Egyptian banking sector ranks fourth in asset terms: UAB
NBE, Banque Misr, CIB, AAIB on list of world’s largest 1,000 banks
Banque du Caire ready to go public at anytime: chairperson
Full coordination between board of directors of bank, its owner, CBE, Finance Ministry underway to determine appropriate time to float
Egypt becoming much more business friendly: Blanchet
Egypt’s economic situation has continued to improve during 2018, our overall views remain positive
Banque du Caire share offering in EGX not determined yet: chairperson
Bank plans to launch mobile, internet banking services next year, says Fayed
Banks’ profits score EGP 45.843bn at end of June 2018
Top five banks account for 61.34% of profits, against 72.87% for 10 banks, says CBE
CBE establishes financial inclusion information database
We aim to boost banking services’ beneficiaries, avoid duplication, says CBE
NBE, Danone Egypt sign cooperation protocol to support SMEs
Signing of this protocol comes within framework of activating bank’s strategy for MSMEs development, says Aboul Fotouh