Latest Banking News
Barclays rules out financing SMEs during current period
We want to have a good position in financing SMEs first, we…
El-Salawy appointed as CEO of ABK Egypt
El-Salawy was the deputy chief executive officer at the Union National Bank…
Banking services exempted from VAT, banks call for further clarification
Previous disputes between banks and the Egyptian Tax Authority on the definition…
NBE studying expansion into Saudi market in next period
Bank collected $500m from foreign currency saving schemes
Barclays Egypt awaits sale of local unit to implement strategic plans
EGP 1bn achieved in SMEs financing portfolio as of March
EGP 12bn increases in size of Egyptian Gulf Bank assets
Bank plans to increase its retail banking portfolio to EGP 1.4bn by…
Pound to depreciate to EGP 9.5 to US dollar by end of 2016: Standard & Poor’s
The Central Bank of Egypt (CBE) devaluated the pound by 13% in…
NBE considers granting EGP 7bn to economic sectors in coming period: deputy chairperson
The bank settled EGP 2bn of non-performing debts from July 2015 until…
CBE confirms banks’ commitment to its instructions for financing small, very small projects
The Central Bank of Egypt (CBE) affirmed that the banks operating in…
Egypt to impose EGP 900 fee on sugar exports until year’s end: industry minister
This decision will secure the needs of the local sugar market, says…
