Latest Banking News
Mastercard announces roadmap for consistent contactless payments
Middle East, Africa recorded a 27-fold increase in contactless transactions in 2017
SMEDA financed SMEs with EGP 16.7bn during Al-Sisi’s first term
Projects funded since president assumed office account for 50% of total funding…
United Bank introduces credit rating service for SMEs in cooperation with I-Score
United Bank, I-Score play economically important complementary role, affirms El Kady
4.712m credit cards in Egypt by end-2017: CBE
Top 5 Egyptian banks account for more than 96% of POS, 69.48%…
Non-performing loans fell to 4.9% of loans at end-2017: CBE
Banks allocated EGP 109.979bn to face NPLs, including EGP 68.175bn by top…
Egyptian banks make EGP 59.075bn profits in 2017: CBE
Top 5 banks accounted for 47.424% of total profits, top 10 achieved…
Banque du Caire contributes to EGP 568m loan to Zizinia El Mostakbal project
Bank is keen to support real estate sector through pumping all necessary…
SMEDA financed 48,000 projects in Alexandria worth EGP 1.2bn
Authority offered grants of EGP 131.7m to implement labour-intensive infrastructure projects
Suez Canal Bank achieved net profit of EGP 356m by end-2017
Total bank budget rose to EGP 40bn, up by EGP 8.6bn from…