Hossam Mounir

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EGP 786bn increase in total financial position of banks in 1Q 2022

Non-performing loans decreased to 3.3% of total portfolio by end of March…

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World has not seen such halt in economic activity since 2008 financial crisis: Deputy CBE Governor

Decision-makers are often faced with the duty of prompt and effective policy…

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NBE raises stake in Afrexim Bank by $326.6m

This comes after Afrexim Bank invited shareholders to participate in increasing its…

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Annual urban inflation in Egypt hits three-year high in May driven by price hikes of water supply, subsidised vegetable oils, rice

Inflation continues to be affected by depreciation of exchange rate, repercussions of…

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FAB rebrands itself as ‘FABMISR’ following legal merger with Bank Audi Egypt

System integration under the new identity is expected to conclude in 4Q…

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saib achieves 46% growth in net profit at $7.68m in 1Q 2022

Bank expands its branch network to 36 branches, aims to add five…

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Misr Insurance wins bid to insure properties, finances of Nasser Social Bank for SME owners

The move is part of the bank’s efforts to diversify its financial…

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Legal merger between FAB and Audi – Egypt concludes

From now on, the two banks will be treated as one legal…

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CBE receives 23 offers worth $565.1m to cover dollar-denominated T-bill issuance

Proceeds of issuance to pay off previous bid that was put forward…

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HSBC pledges EGP 1bn in loans for tech entrepreneurs

New pledge is HSBC’s third high growth SME lending proposition in 6…

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