Latest Banking News
Market awaits changes in bank leadership in mid April
Banks will present their recommendations to the CBE’s governor, since the law…
United Bank aims to achieve 20% growth in financing portfolio
The bank is restructuring the corporate sector and is dividing it into…
State has to work to increase foreign exchange resources: IDWBE chairperson
Exchange rate is set by supply and demand, increasing volatility of balance…
NBE increased its capital by EGP 26.4bn since June 2008: chairperson
We continue to strengthen the financial position of the bank and increase…
Banks resilient in face of challenges Egypt witnesses: UAB
Egyptian banks are still operating well and achieved growth in most areas
20% increase in loans, 15% more deposits at Al Baraka Bank: Beltone
Foreign currency loans account for 25% of loans, while deposits in foreign…
Increase of EGP 63.8bn in loans, EGP 51bn in deposits at Banque Misr
Bank achieved the highest profits in its history, a total of EGP…
EFSA approves deal to sell CI Capital to Arab and Egyptian investors
This comes after the deal of selling CI Capital Holding to Naguib…
EGP loses ground to USD, falls to EGP 16.3 at NBE, Banque Misr
The Egyptian pound losing ground to the US dollar will last for…
CBE provides banks $420m to cover companies’ flotation debts
The Central Bank of Egypt (CBE) provided $420m to local banks to…