Latest Banking News
IDB allocates EGP 500m to develop bank’s technological infrastructure
We aim to increase the branches to 50 by 2023 up from…
Al-Sharqawi represents Misr Insurance Company at SAIB Bank’s board of directors
The Central Bank of Egypt (CBE) has approved the appointment of Ashraf…
Hussein Elgretly appointed as non-executive member of Suez Canal Bank’s board of directors
The Central Bank of Egypt (CBE) has approved the appointment of Hussein…
Egyptian banking sector ranks 4th in terms of assets in Arab region: UAB
NBE ranked eighth among largest Arab banks with assets worth $75.6bn
Foreign currency deposits up $1.3bn in 1Q 2019 to $42.81bn
Local currency deposits up by EGP 88.1bn to EGP 2.531tn at end…
Five banks start issuing prepaid cards to pay government dues electronically
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free…
Bank Audi signs final agreement for acquisition of NBG Egypt
Deal depends on approval of both CBE, Banque Du Liban
Tuesday was last day to repay first tranche of AIBank capital increase
First tranche estimated at EGP 500m, second at EGP 300m, repaid before…
US investment fund to buy United Bank of Egypt in 3 months, CBE to maintain stake: Amer
The United Bank of Egypt will be sold to a major US…
Egypt’s banking customer base “weak”, it’s not good timing for cryptocurrencies: CIB
Mohamed Farag, head of International Transactions and Digital Banking at the Commercial…