Latest Banking News
CBE slashes interest rates by 1.5%
CBE slashed overnight deposit rate, lending rate, and the rate of main…
CBE to consider interest rates on Thursday amid expectations of cuts
Falling inflation and US interest paves the way for CBE to cut…
Industrial Development Bank offers funding to Shaq El-Teaban investors
Bank's credit portfolio increased to EGP 11bn end-July, of which EGP 1.6bn…
37 local and foreign investors bid to invest €780.1m in Egyptian T-bills: CBE
CBE set accepted yield minimum at 1.4%, maximum at 1.5%, average at…
Banque du Caire to offer 30-40% stake on EGX by end-2019 or early 2020: Chairperson and CEO
Fayed statement came on the sidelines of the loan signing ceremony with…
Egyptians withdraw EGP 31.5bn from bank ATMs during Eid al-Adha
EGP 22.29bn were withdrawn within 5 days before Eid holiday, EGP 9.15bn…
Nine private banks in Egypt gain EGP 14.941bn net profits in 1H2019
CIB – Egypt tops the list by EGP 5.355bn profits, QNB Alahli…
Strong growth in Al Baraka Bank Egypt’s financial position supported by ample funding potential: Beltone
Beltone added that the bank's operating expenditure increased by 11.1%, maintaining the…
CBE issues import, export standards on foreign banknotes surplus
The CBE affirmed that these standards comes in the framework of the…
Egypt’s net foreign reserves rose by $565m to $44.916bn end-July
According to the CBE, Egypt’s current net foreign reserves covers more than…