Latest Banking News
ADIB posts EGP 1.852bn increase in net loans portfolio
Loans portfolio at the bank increased by 1% in Q4 of 2015,…
Banque du Caire conducts study of EGP 1.5bn investment
The bank invested EGP 1.4bn in projects related to electricity, housing, food…
CBE finances purchase of housing for low-income earners with discounted yearly rate
Bank amends mortgage finance initiative, introduces another category of youth
Banking sector allocates EGP 10bn for Housing Ministry to build 450,000 housing units: Amer
About 90% of national output in advanced societies is based on small…
CBE announces EGP 5bn loan programme for industry, manufacturing
The loans will be allocated for the purchase of machines and equipment…
Egyptian banks provide EGP 40m for redevelopment of downtown Cairo
Banque Misr, the National Bank of Egypt (NBE), the Commercial International Bank…
United Bank-MoneyGram renewed agreement to facilitate international remittances
The renewed framework allows the bank's customers to transfer money from an…
Uncertainty surrounds United Bank chairman appointment
While Fahmy is considered most likely to ascend to the leadership role,…
Banks record EGP 8.2bn increase in deposits in November: CBE
Banks also saw a EGP 2.3bn increase in loans during the same…
CBE raises cap on dollar deposit to $1m per month
The new cap compares to the previous daily limit of $10,000 on…