Latest Banking News
Contrary to market expectations, CBE fixes US dollar price in its regular auction
The bank directed the auctioned US dollar to cover imports of pharmaceutical…
President Al-Sisi meets with CBE’s Governor
Amer said during the meeting that the initial agreement reached between Egypt…
Crédit Agricole-Egypt signs $50m cooperation agreement with EBRD
Trade facilitation programme will allow Crédit Agricole to provide more support to…
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