Latest Banking News
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…
UNB launches campaign to encourage Egyptian expatriates to transfer money to Egypt
UNB provides free money transfer service for Egyptians in UAE, numerous prizes
Fawry targets 50% growth rate in its business in Egypt during 2016
We aim to increase payment outlets to 60,000 by the end of…
Egypt ripe for electronic payments due to widespread use of mobile phones: Visa Egypt GM
Visa accounts for 61.5% of total cards issued worldwide, its share in…