Latest Banking News
Banks’ credit facilities reach EGP 1.84trn November 2019
Private business sector accounted for 59.2% of the total facilities, and the…
Egypt’s domestic debt falls to EGP 4.186tn; external debt up to $109.3bn Sept. 2019: CBE
External debt service reaches $2.9bn, including $1.7bn in instalments, $1.2bn in interest
CIB launches Prime Me bundle targeting Millennials
The bundle features a range of banking and non-banking benefits, based on…
Misr Insurance Holding eyes 10% growth in consolidated net profits: chairperson
Company’s plan relies on achieving ambitious growth rates in various activities that…
NBE targets 15-20% growth in all sectors: vice chairperson
We aim to channel more financing to SMEs and retail loans: Aboul…
“We aspire to put HDB among Egypt’s top 10 banks”: Ghanem
We aim to focus on industry in our next plan, in implementation…
Credit Agricole Egypt embarks on digital transformation plan for three years
Bank will be part of the CBE’s initiative to support industrial sector
Geopolitical events cast shadow over expectations of pound’s interest, reserve, inflation
I expect a rate cut from 2% to 3%, exchange rate to…
IDB profits reach EGP 512m in 2019
We continue to support and develop Egyptian industries to achieve sustainable development:…
Egypt’s external debt up 17.3% YoY to $108.7bn in FY19
External debt-to-GDP ratio 36% in Egypt, 48.5% in Latin America, 47.5% in…