Latest Banking News
Banque du Caire signs cooperation agreement with National Bank of Uzbekistan to support Egyptian exports
Bank welcomes cooperation to support expansion of Egyptian exports in foreign markets,…
Five banks grant syndicated loan of EGP 2.4bn to Oilex for establishment of industrial complex for extraction, refining, packaging of vegetable oils
Loan amounts to 61% of investment cost, financing extends over seven years,…
Banknote issue up to 11.41% of GDP in June: CBE
CBE issued EGP 486.726bn in June 2018, up from EGP 474.941bn in…
Foreign investments in Egyptian T-bills score EGP 269.11bn at end-July 2018
Private banks boost investments in T-bills by EGP 42.3bn in July to…
United Bank, Afreximbank cooperate to maximise volume of Egyptian exports to Africa
Afreximbank guarantees export earnings of Egypt, protects them from risk of non-payment,…
CBE alters banks’ granting of credit facilities to public business sector companies
New rules for banks dealing with companies engaged in financing instalment sales
Egyptian Arab Land Bank will take new rank in Egypt by September 2020: vice chairperson
We assumed office in October 2017, have done our best to put…
Credit facilities granted by banks in FY 2017/2018 score EGP 203.2bn
Private sector acquired 62% of facilities, industries at forefront, CBE stated
IDWBE profits score EGP 244m in 2017: chairperson
Loans up to EGP 7.6bn, EGP 10bn growth in deposits in one…
IFC plans to increase local currency financing in Egypt
Corporation aims to invest up to $1bn in FY 2018/19, says Labadi
