Latest Banking News
Pound recovers from its lowest level against the US dollar since flotation
The Egyptian pound has regained some of its strength against the US…
Soha Soliman appointed deputy chairperson of Banque du Caire
Egypt’s cabinet issued a decree on 26 November appointing Soha Soliman, the…
18 million people require microfinance in Egypt: former CBE governor
We need about EGP 54bn to finance 3.6 million families living below…
HDB focuses on financing 4 major sectors of SMEs
Microenterprises will be financed through companies and associations specialised in these projects,…
SMEs acquire 10% of HDB’s loan portfolio until September 2016: chairperson
The bank aims to increase the funding of such projects to 20%…
HDB pumps EGP 56m in ‘Your Project’ programme over 7 months
Funding volume amounts between EGP 50,000-3m with an interest rate of 5%,…
HDB graduates first batch in the SMEs financing training course
The Housing and Development Bank (HDB) and FA Group for Financial Consulting…
Trade exchange between Egypt and outside world falls to $75bn in FY 2015/2016: CBE
Imports decline by $4.99bn, exports down by $3.54bn
Royal Bank of Scotland fails stress test
The Royal Bank of Scotland is not prepared for another financial crisis,…
Credit facilities granted by banks to their clients in August increased by EGP 12.3bn: CBE
Private sector accounts for 59.4% of the total facilities, deposits increase by…