Latest Banking News
Egyptian pound continues value upward trend against US dollar
US currency lost over EGP 1 since beginning of 2019, including 34…
CBE encourages banks to invest in funds for emerging small businesses
Decision comes complementary to previous efforts by CBE to support MSMEs, says…
Banks’ credit facilities see EGP 206.7bn increase in last 8 months: CBE
Private enterprise sector denominates 60.8% of total facilities, with industry in lead
New Banking Law requires 25 banks, 4 foreign branches to raise capital
Banks such as IDB, ABE, ELAB, EBE do not fall under the…
IDB posts EGP 281m in net profits end 2018
Bank's financial position rose to EGP 24bn from EGP 19.7bn in 2017,…
US dollar loses over EGP 1 of its value since start of year
Expectations for US dollar to reach EGP 16.5
UNB Egypt boasts 83% increase in profits in Q1 2019
Bank aims to increase growth rates in coming period due to its…
Egypt’s foreign trade reaches $47.8bn in second half of 2018: CBE
Fourteen countries account for 60.62% of Egypt’s foreign trade volume, led by…
EBRD cooperates with CBE to support liquidity in Egypt’s capital markets
Bank helps with restructuring Nilex, says Fink
Banking law amendments for capital requirements could trigger profit retention, M&As: Pharos
Pharos believes that the capital increase could trigger a wave of porfit…