Latest Banking News
Banks in Egypt hedge against COVID-19 despite Q1 profit decline
Daily News Egypt monitors profit decline of 12 banks out of 16…
US dollar depreciates by 19 piasters against Egyptian pound last week
Egypt’s import bill has generally decreased, on back of commensurate decrease in…
Mashreq Bank Egypt appoints Haitham Hammad as Executive VP
Hammad will also be responsible for managing standard customer experience and quality…
HSBC Egypt appoints Todd Wilcox as Deputy Chairperson, CEO
Wilcox’s appointment was made with effect from 1 July, following the receipt…
NBE attracts 2 million subscribers to Meeza card service
About EGP 2bn in transactions undertaken using Meeza cards was in purchases…
Egypt banks see EGP 62bn increase in local currency deposits in May
NFA surplus with banks, CBE records about $5.3bn increase
CIB Egypt reserves hotel floor as quarantine for employees if needed
Bank adheres to state precautionary measures from the very beginning to prevent…
CBE provides EGP 69bn in facilities to support industry, agriculture, contracting sectors
5 industries, including F&B and plastics, acquired 60%, or EGP 41bn, of…
Egypt’s MSME financing records EGP 181bn since January 2016: CBE
MSME initiative was launched by the CBE in January 2016. It has…
SCB chief reveals details of EGP 250m cash investment fund launch
New fund provides effective tool in cash management field, provides tax benefits,…