Latest Banking News
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…
Bank Audi Egypt aims to increase SMEs portfolio to EGP 6bn in 4 years: deputy chairperson
Current portfolio stands at EGP 1bn, supported by strong specialised SMEs financing…
NBE raises limits on credit card use abroad
Hazem Hegazy, the head of retail banking at the National Bank of…
US dollar exchange rate against Egyptian pound continues to rise at banks, CBE on Thursday
Prior to the CBE’s decision to float the currency on 3 November,…
Exchange rate semi-stable at CBE, banks on Wednesday
At banks on Wednesday, the US dollar changed hands at EGP 17-17.5…
Crédit Agricole collects $150m from clients since pound flotation
The bank does not intend to reconsider its interest rates on investment…
NBE saving certificates with 16%, 20% interest collect EGP 92bn
NBE offered $600m for imports since the flotation of the pound, says…