Latest Banking News
CBE launches its regular auction with $120m, fixes US dollar at EGP 8.78
The Central Bank of Egypt (CBE) launched on Tuesday its regular weekly…
World’s oldest bank unveils rescue plan details
Troubled Italian lender Monte Paschi has said it would cut thousands of…
NBE allocates €500m for financing private sector projects: chairperson
The bank has provided loans worth EGP 24.6bn for SMEs, with more…
Outstanding balance of treasury bonds reaches EGP 753bn end of September: Finance Ministry
Bonds worth $3bn will be repaid by 17 December, while other bonds…
FEB declares definitive rejection of applying, registering under VAT Law: board member
The federation sent a memo to the CBE, detailing the banks’ rejection…
Banks working to prevent customer manipulation on electronic payment cards abroad
New controls and shortening limits on card usage are being implemented to…
US dollar shortage negatively affects banks financing import operations, lending to projects with a foreign component
The US dollar shortage has negatively affected banks' activities that are related…
NBE reduces foreign exchange cash limit for travelling customers
The bank provides cash for foreign exchange only on condition of reviewing…
CBE launches its regular auction with $120m, fixes US dollar at EGP 8.78
The Central Bank of Egypt (CBE) launched Tuesday its regular weekly auction…
Egyptian bankcards used to complete $2.5bn worth of transactions abroad in FY 2015/2016
Banks have received clear instructions to suspend cards that are being misused,…