Latest Banking News
Suez Canal Bank sells stake in MIDOR for $30.6m
The Suez Canal Bank had owned a total of 560,000 shares, representing…
CBE’s Monetary Policy Committee convenes to decide on interest rates
Maintaining local currency attractive amid economic uncertainty due to Covid-19 crisis suggests…
Banque du Caire, EIB sign $100m loan agreement to finance SMEs
Fayed also emphasised that Banque du Caire’s keenness to boost and diversify…
CIB commits $7m to test kits, support families impacted by COVID-19
The CIB contribution will also be dispersed to the National Emergency and…
CBE reveals February 2020 data for banks operating in Egypt
Financial position of banks operating in local market touches EGP 6trn, deposits…
Digital banking on the rise owning to coronavirus push
Allowing self-registration for e-wallet services contributes to speeding up digital transformation of…
Egypt’s NIR decline to $37bn in April: CBE
Bank honours all of its external obligations amounting to around $1.6bn
NBE leads banking consortium to provide €30m syndicated loan to MidElec
Hisham Okasha, Chairperson of NBE, said the arrangement of this loan comes…
CIB net income down 9% to EGP 2.4bn in 1Q 2020
ROAE records 19.6%, ROA 2.5%, net profit decreases 9% y-o-y
