Latest Banking News
Banks in Egypt inject EGP 144.2bn to finance MSMEs from Dec. 2015 to June 2019: CBE
Service sector received EGP 62.2bn banking funds, while industrial sector got EGP…
Egypt’s foreign trade increases to $95bn in FY 2018/19: CBE
Egypt's imports scored $66.529bn, while exports reached $28.495bn between July 2018 and…
Three-year anniversary of Egypt’s free floating exchange
FX reserves up by $25.618bn, exchange rate and inflation fall, and public…
EALB signs a protocol with Tersana SC to finance club membership
The protocol was signed by Amr Gadallah, the bank’s vice president, on…
NBE rules out issuing foreign bonds currently
Dealing with financial institutions is better and cheaper than bonds, says Aboul…
Egypt’s external debt jumps to $108.bn end-June: CBE
The CBE noted that debt services reached $13.4bn in fiscal year 2018/19,…
US dollar records lowest level against EGP since March 2017
US currency lost 13 piasters of its value in October, totalling 178…
Emirates NBD – Egypt contributes to financing Farm Frites’ new factory
Bank to expand in financing large companies to support economic development in…
IDB targets over EGP 0.5bn profits by end-2019: chairperson
We aim to achieve 30-35% growth in various activities this year, says…
NBG-Egypt’s intransigence with its employees threatens acquisition deal with Bank Audi
CBE gives last chance for conflicting parties to reach solution