Latest Banking News
Hisham Ezz Al Arab releases resignation from CIB post
On his Facebook page, Ezz Al-Arab wrote, “In my 21 years of…
Ezz Al-Arab’s resignation from CIB: what goes on behind the scenes?
The CIB Board of Directors has unanimously decided to appoint Sherif Sami…
CBE provides full support to CIB to preserve its financial position, deposits
A CBE statement read, “The CBE approved the decision of the CIB’s…
CIB appoints Sherif Samy as non-executive chairperson plegdes corrective actions
Samy says CIB top priority is to continue enhancing franchise and its…
Financial position of banks in Egypt up EGP 96.9bn in July 2020: CBE
Volume of doubtful debts allocations amounts to EGP 150.877bn, reserves amount to…
Bank customers granted limited period free account opening facilities to mark International Savings Day
Since Thursday, banks have granted customers the ability to open savings accounts…
90% of Egypt’s foreign debts are long-term: CBE
At 33.5% of GDP, debt levels are within safe limits compared to…
EMs see rising capital inflows since May 2020: CBE
Monetary, financial stimulus policies and structural reforms alleviate pandemic’s consequences on neediest…
AMF gather regional central banks to discuss COVID-19 impact on sector
Meeting was held in cooperation with International Monetary Fund
HSBC’ economists forecast 2.4% GDP growth in Egypt in 2020: Regional CEO Tricaud
GCC economies to shrink on average by 5.6% y-o-y in 2020, before…