Latest Banking News
US dollar shortage restricts activities of credit leasing companies
Import companies have suspended operations amid difficulty opening letters of credit, says…
CBE provides 10-year interest-free loan worth EGP 31bn to 3 major banks
The loan is for supporting banks’ capital base and for adjusting the…
CBE secures government needs of euros through €600m treasury bills tender
The CBE received 35 offers to cover the tender totalling €786.9m, and…
Treasury bond balance increases by EGP 5.1bn at end of July: Finance Ministry
The Ministry of Finance has announced that the government’s outstanding balance in…
Parliamentary committees approve PBDAC Act, transfer of its ownership to the CBE
We are awaiting the final vote; this move would restore the bank's…
Total value of banknotes issued increases by EGP 10bn in May: CBE
Banknote issuance recorded its highest level to GDP since June 2015
The United Bank launches service of instant self-enquiry about creditworthiness for its customers in cooperation with I-Score
The bank is to launch a package of new digital solutions to…
Banks to finish classifying SMEs, microenterprises to be financed by end of August: I-Score head
Nile Rating Company, specialised in SMEs, has merged in I- Score, said…
The United Bank to be sold late 2016, early 2017: chairperson
The CBE received requests from a large number of international institutions to…
Metropolitan Egypt negotiates with Egyptian Gulf Bank, Banque Misr to provide financing for Enmaa projects
Enmaa needs financing worth EGP10m in the form of letters of guarantee…