Latest in Banking Highlight
Latest in Banking
Bank helps with restructuring Nilex, says Fink
Pharos believes that the capital increase could trigger a wave of porfit retentions and mergers and acquisitiions.
NGOs rank first in terms of number of beneficiaries
The source explained, in a statement to the Middle East News Agency, that the law does not determine term limits for bank officials, including heads of banks and board members, pointing out that this applies to state-owned and private banks.
April’s inflation slowdown is temporary, may pick up again by end-May: analysts, investment banks
The CBE said in its monthly report on Tuesday that the domestic debt reached 78.2% of GDP.
CIB chairperson stresses need to develop systematic frameworks to increase investment in continent
Company expects CBE to continue trend toward reducing interest rate by end of Q3 or Q4 of 2019
Application provides full details of 161 kinds of cards issued by 33 banks in Egypt
Africa and Development Club gateway for Egyptian exporters to penetrate African markets
Bank aims to acquire larger market share in rapidly growing retail sector in Egypt
Bank achieved 12% increase in net profit in Q1 of 2019, rise in financial position to EGP 49.3bn: Refaey
It stipulates establishment of committee chaired by prime minister to maintain stability of state’s financial system
The average price of US dollar in banks reached EGP 16.99 for buying and EGP 17.09 for selling, according to the CBE
The average dollar price on Wednesday recorded EGP 17.01 to buy and EGP 17.14 to sell.
Bank recently opened 11 branches across Egypt
US currency is approaching EGP 17 against pound, as foreign exchange flows increase in Egypt
Egypt is first destination for foreign investment in Africa, says El Kettani
Bank successfully concluded several transactions with numerous UAE investors for investments in financial markets, debt instruments issued by Egyptian government: Tantawy
Chairperson inaugurates new branch in Beni Suef
Bank turned into real estate investment, commercial bank within short period of time: Kamal
Assets sold to Bank Audi worth €110m including loans, deposits, securities,17 branches with 250 employees
Bank allocates EGP 500m to develop its technological infrastructure for modern banking services
Amer witnesses signing cooperation protocol to train workers of banking sector in fields of information security, data analysis, financial technology, AI
Egypt’s external debt rose to $96.6bn by the end of December 2018, compared to $82.88bn by the end of December 2017, an increase of $13.7bn, according to Central Bank of Egypt (CBE) on Wednesday. The CBE added that long-term external debt recorded $86.3bn by the end of December 2018, an increase of $1.4bn from December …
Final approval by CBE is condition for transaction success
Total bank assets increase to EGP 351.68bn until end-March
We aim to increase the branches to 50 by 2023 up from 18 currently, says Fahmy
The Central Bank of Egypt (CBE) has approved the appointment of Ashraf Al-Sharkawi as a member of the SAIB Bank’s board of directors. The bank said in a statement to the Egyptian Exchange (EGX) on Thursday that Al-Sharqawi represents Misr Insurance Company in the bank’s board of directors. According to the bank’s statement published on …
The Central Bank of Egypt (CBE) has approved the appointment of Hussein Elgretly as a non-executive member of the board of directors of the Suez Canal Bank, representing the Arab International Bank (AIB). The Suez Canal Bank’s board of directors currently includes Hussein Refaey as chairperson and managing director, and Omar Al Sagheer as vice …