Latest Banking News
GDP growth rate to continue moving onwards and upwards: CBE
Budget deficit projected to decrease to 8.2%, 7.2% of GDP in FY…
Banque du Caire reports EGP 1.93bn net profit in 1H2019
We have many ambitious goals to achieve our strategic vision, says Fayed
Egypt scraps customs dollar; price to depend on CBE exchange rate
Government sources told Daily News Egypt that the decision was taken by…
EBI studies opening special training unit in cooperation with African countries
“We aspire to be an educational ‘beacon’ for all employees in the…
Banks’ credit facilities see EGP 218.6bn rise in 11 months
Private sector accounts for 60.8% of total facilities, with industry in the…
Foreign currency deposits account for 21.73% of total bank deposits end-May
Deposit growth fell to 11.34% in May from 11.46% in April
Egypt repaid $25bn of debt in two years: CBE
The CBE said in a recent report that these debts include $21bn…
Yields on T-Bonds lose 0.85-1.38% after CBE’s interest rate cut
Banks cut interest rates amid noticeable reservation so as not to affect…
Banks pumped EGP 400m to develop informal areas in Cairo and Giza: Ezz El Arab
CIB chairperson reveals that the development process includes infrastructure, roads, water delivery,…
Limited interest rate cuts at banks’ on first business day following CBE decision
Yield on T-bills on Sunday's auction dropped by 0.75-1.5%