Latest Banking News
United Bank to be first bank to join Egyptian SMEs Association
The bank is to sign a cooperation protocol with the association to…
Export Development Bank to increase small and midsize enterprises portfolio to EGP 5bn in 2019
The mortgage portfolio of the bank amounts to EGP 10m, and we…
NBE to increase retail banking portfolio to EGP 43bn by end of June
We aim to transfer the micro-finance portfolio to the retail sector and…
NPA, CIB sign MoU for regulating financial services
The cooperation between major economic entities will increase the volume of financial…
Egypt to receive 2nd tranche of AFDB loan within two weeks: AFDB
The government also called for AFDB to finance a sewage plant in…
Hariri family sells its share in Arab Bank to group of investors
Oger Middle East Holding Company, owned by the Hariri family, sold its…
Usage of cards abroad dropped by 55% following flotation: CBE
Egyptians usage of cards abroad dropped by a value of $223m in…
Banks operating in Egypt record EGP 56bn net profits in 2016: CBE
The Egyptian banking sector is powerful and capable of overcoming the effects…
Egyptian remittances amount to $4.6bn in Q4 2016: CBE
Total remittances sent home from Egyptians working abroad rose during the period…
QNB named most valuable banking brand in Middle East and Africa
"QNB Group has maintained its ranking of the most valuable banking brand…