Latest Banking News
3 Egyptian exchange companies surpass EGP 15bn in foreign currency collections post-liberalisation
Since the liberalisation of the exchange rate, three exchange companies have collectively…
Banks, companies contribute EGP 68.85bn to mortgage finance initiative for low-income individuals in Q1 2024
Banks offer EGP 66.448bn, representing 96.5% of total funds in initiative
MID Bank increases interest rates on triple certificates
Bank keen on providing various savings vessels to attract new customers: Shahin
Al Baraka Bank elevates interest rates, introduces triple certificate with 22% annual yield
Al Baraka Bank has announced an increase in interest rates across various…
Liquidity in Egyptian banking sector rises to EGP 9.12trn in February 2024: CBE
Non-governmental bank deposits in local currency increase to EGP 6.447trn
Suez Canal Bank announces new leadership appointments
El Maghraby appointed as CEO and Managing Director, Tantawi to serve as…
NBE acquires 24% share in Hyde Park Developments
Licensed capital estimated at EGP 10bn, land portfolio exceeds 6 million square…
CBE introduces new controls for updating customer data in banks
Banks must obtain CBE approval for electronic client data updates and have…
CIB’s Extraordinary General Assembly approves issuance of financial instruments worth $1bn
The Extraordinary General Assembly of the Commercial International Bank (CIB) has authorized…