Latest Banking News
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…
Egyptian pound continues to decline against US dollar at banks
The currency exchange is governed by supply and demand, says CBE and…
CBE allows banks to direct part of US dollar-denominated proceeds to cover temporary overdrafts on customer accounts
The Central Bank of Egypt (CBE) has allowed banks working in the…
Dollar climbs to EGP 18 at banks on Monday
The US dollar climbed to EGP 18 on Monday at banks operating…
Egypt’s consumer spending amounts to $156bn: Visa general manager
Consumer spending in Egypt reached $156bn, though the use of electronic payments…
NBE provides $800m for imports following pound flotation
Fluctuations in the US dollar exchange rate are normal initially and will…
Do not worry about volatility of exchange rate: bank leaders
Egypt is undergoing a new experience, and stability of the market relies…
Flotation of the pound, raising interest rates limit growth of retail banking: banker
Attracting new customers, including university students, and offering modern banking technology are…