Latest Banking News
Banks refuse to adhere to VAT law, awaiting response from new finance minister
The Egyptian Tax Authority demanded that banks operating in the domestic market…
CBE’s microenterprise initiative remains under discussion
The CBE is holding meetings with relevant bodies to launch the initiative,…
NBE aims to reduce delayed debt payments by June: deputy chairperson
The National Bank of Egypt currently has an outstanding debt of EGP…
Ashraf El-Kady sets five-year plan for United Bank’s work despite CBE announcement
CBE recently announced it would sell the bank to a strategic investor…
Al-Sabah chosen as UAB chairman, replaces Barakat
Private sector must be given larger role in the achievement of economic…
BLOM Bank Egypt establishes asset management company in partnership with parent bank
The bank received CBE’s approval to act as the national agent for…
BLOM Bank Egypt reveals top features of 5-year expansion plan
Bank’s goals include increasing large and small branches network, presence in Upper…
Congo formalises Afreximbank membership to boost intra-African trade
In 2013, Afreximbank had disbursed over $ 220m to Congolese entities, says…
