Latest Banking News
National Bank of Egypt records EGP 1.8trn deposits, EGP 866bn loans in 2020
Bank’s customer base rises to 15.4 million, of whom 5.4 million subscribers…
HSBC launches Sustainable, Transition Finance Team in Middle East
Team will help institutions, corporates, and individuals’ transition to more sustainable economy
Abu Dhabi Commercial Bank – Egypt achieves 14% net profit growth in 2020
Bank eyes continued expansion in Egyptian market, targeting 25% growth rate by…
EIB, Banque Misr sign €425m worth credit line agreement to finance SMEs
This agreement represents first tranche of €750m agreed upon earlier
First Abu Dhabi Bank fully acquires Bank Audi’s Egypt operations
Transaction is expected to be completed within next few months
CIB Sustainability Reporting Award recipients attend GRI Certified Training Workshop
Award launched in celebration of the bank’s five years of sustainability reporting
Egypt records 5% average headline urban inflation in 2020: CBE
Real GDP growth records -1.7% in Q2 of 2020, before recovering to…
Egypt’s annual urban headline inflation declines to 5.4% in December 2020: CBE
Subsequent inflation target has been set at average of 7% (±2%) during…
BLOM BANK announces execution of SPA for Egypt operations
A definitive agreement has been signed by BLOM Bank and the Arab…
HSBC eyes regional growth opportunities as GDP, trade rebound
HSBC has ambitious business plans in the Middle East, North Africa and…