Latest Banking News
CBE lowers interest rates 1% for the first time since floatation
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to…
Women receive 51% of total loans offered by SMEDA in 2017
Women more likely than men to pay off loans, the rate of…
Egypt’s international bonds rise to $16.64bn
Bonds are maturities ranging from 1-30 years, due in period from April…
ABE, SMEDA sign EGP 40m deal to finance women projects
60% of deal's value allocated to women below poverty line
Local, foreign financial institutions offer $1.213bn investments in Egyptian T-bills
Highest interest in tender amounted to 3.30%, lowest recorded 3.25%, with average…
Services sector 2nd largest beneficiary of bank loans: CBE
Private sector received 61.8% of banks’ total credit facilities by end-October 2017
AAIB co-finances largest solar energy project in ME in Aswan
The Arab African International Bank (AAIB) has successfully contributed to financing the…
CBE approves establishment of Banque du Caire’s leasing company with EGP 100m paid-up capital
Company will contribute to a better future for bank's investment, financing plans:…
Loans up by EGP 10bn, deposits increase by EGP 42bn in October 2017: CBE
Total financial position of banks in Egypt scores EGP 4.795tn
Will CBE cut interest rates on Thursday?
Amer hinted at imminent cuts, but linked them to curbing inflation first