Latest Banking News
Egypt’s banking sector is strong and capable of supporting economy, providing funding for projects: banking leaders
Positive effects from the IMF deal can already be seen, says Ozalp
United Bank aims to increase its performing loans to EGP 7bn by year’s end: vice chairperson
We are coordinating with the NBE and Banque Misr to take part…
Blom Bank’s loans portfolio increased by 14% in H1 2016: managing director
The bank injected EGP 680m of loans in six months, despite the…
Fawry contracts with 12 banks for e-payments via mobile phone
We began launching the service with a number of banks and will…
NBE prepares to launch international bonds worth $600m in international markets
Industrial sector acquires 18% of SMEs’ loans; NBE targets to double them
Bank credit facilities increase by EGP 224.7bn over FY 2015/2016: CBE
Private sector accounts for 59.8% of the credit facilities, while industry leads…
$2.8bn payment balance deficit in FY 2015/2016: CBE
Current account deficit reaches $18.7bn, compared to $12.1bn in FY 2014/2015
Banque Misr arranges EGP 2bn syndicated loans for industry sector projects: chairperson
Negotiations underway with a foreign institution to obtain a $300m loan in…
NBE arranges 2 loans worth EGP 20bn for power projects, infrastructure
Loans portfolio expected to increase in size during current FY, bank vice…
Egyptian economy has enough resources, potential to become among world’s most powerful economies: AIB chairperson
We are optimistic about the future of the Egyptian economy, especially following…