Latest Banking News
Decision to propose capital increases for 2 banks on EGX is governamt’s most impotant in recent years
Chairman of the Egyptian Exchange (EGX) Mohamed Omran said the government's and…
$3.3tn of Arab banking sector assets by end of September 2015: Barakat
Only 8% of total financing in Arab banks goes to SMEs
First portion of WB loan has not entered CBE yet: CBE Deputy Governor
Deputy Governor of the Central Bank of Egypt (CBE) Tarek Fayed asserted…
IFC provides up to $50m to NBK-Egypt
IFC’s financing will help the bank meet the foreign currency requirements of…
Monetary Policy Committee holds first meeting in 2016 to discuss future of basic interest rates at CBE
The MPC decided during its last meeting on 24 December 2015 to…
Non-performing loans fell to 7.2% of total by end of September 2015: CBE
CBE issued its Financial Soundness Indicators report, where the loans-to-deposits ratio increased…
NBK records $929.7m in net profits for 2015
The group aims at strengthening its position in Egypt and increasing growth…
Banque Misr signs a $100m loan agreement with Chinese CDB
The loan is intended to strengthen the bank's dollar resources to support…
EGP 29.3bn increase in bank deposits, EGP 10.8bn increase in loans in October 2015: CBE
Household sector acquires 77.6% of deposits in the local currency and 63.2%…
AAIB predicts a better outcome with new offers and services in 2016
Bank is targeting about 30% average growth on retail, says head of…