Latest Banking News
Banks continue to curtail US dollar use overseas
Banks are lowering limits of different types of cards and reducing hard…
Would shutting down exchange companies solve the US dollar crisis?
Opponents to the proposal point to the companies’ role in securing hard…
Exchange companies to hold expanded meeting, discuss repercussions of official and popular escalation against them
We are ready to close immediately if this would solve the US…
PBDAC negotiates with SFD to obtain EGP 100m loan: PBDAC chairperson
The loan will finance agricultural industrialisation projects and greenhouses at low cost,…
EFG Hermes revenues up 10% y-o-y
Increase due to higher fee, commission income, rising contributions from leasing business,…
Finance Ministry chooses Dechert to offer US dollar bonds abroad
7 global law firms submitted bids, says government source
Return to normal demand on US dollar in informal market
CBE allocates the value of Tuesday’s tender to cover imports of medicines,…
Egypt pays $2.25bn of external debt in July: CBE
Foreign exchange reserves dropped $2bn in July, reaching lowest point since January…
The transformation and decline of Deutsche Bank
Shares of Deutsche Bank and Credit Suisse have been dropped from the…
Government banks rely on own resources to obtain US dollars, not on CBE tenders: head of Banque du Caire
Banque du Caire, along with all state-owned banks, does not obtain its…