Latest Banking News
NBE, Banque Misr contribute EGP 60m to Health Ministry’s COVID-19 fight
NBE donates EGP 8bn in past 6 years, while Banque Misr gives…
Parliament approves new Banking Law ensuring monetary stability
The approval was given after a standing vote on the new law,…
New facilities to remove levy on taxpayers’ bank accounts: CBE
This is applicable on natural or legal persons regardless of their activity.…
Crédit Agricole Egypt postpones over 120,000 facilities amid COVID-19 battle
Banks records sharp 45% increase in company’ digital transactions and 35% for…
IDB finalises its technological infrastructure, prepares e-services launch
Bank allocates EGP 600m to comprehensive technological development, establish electronic branches, expand…
Private sector holds 61.7% of total bank loans in April: CBE
Total deposits see 14.33% growth in April, compared to 13.9% in March;…
Financial position of banks in Egypt up to EGP 6.421trn in April: CBE
Total deposits up by EGP 92.4bn, total loans rise by EGP 91.9bn
CIB reports EGP 7.542bn in pre-tax profit during H1 of 2020
Bank made allocations of EGP 2.260bn, compared to EGP 795m during same…
Crédit Agricole proud of about 50-year operation in Egypt: Country Managing Director
Crédit Agricole Egypt has successfully become market player and partner to Egyptian…
Banks in Egypt hedge against COVID-19 despite Q1 profit decline
Daily News Egypt monitors profit decline of 12 banks out of 16…