Latest Banking News
Outstanding balance of treasury bonds at EGP 614.19bn by end of August: Ministry of Finance
According to the Ministry of Finance, the balances of the second type…
ECB President Mario Draghi drops hints of more stimulus to come
The European Central Bank has held its first meeting since Chinese markets…
Argentina orders HSBC to replace country chief
Argentina's central bank is cracking down on the banking giant HSBC amid…
United Bank-Egypt appoints new acting chairman until end of 2015
Ashmawy concluded his work at the bank on Monday after nine years…
Barclays profits up 15% in H1 of 2015
Assets inched up 3% to total EGP 18.5bn, while expenses surged to…
CBE approves CIB’s acquisition of Citibank retail portfolio
The Central Bank of Egypt (CBE) approved, on Tuesday, the Commercial International…
China slashes interest rates to back economy
China's central bank has once again cut interest rates and lowered the…
Sudan urges Egyptian investments in gold extraction sector: CBOS Deputy Governor
Egypt is afraid to do business in Sudan, despite the latter having…
Ruble follows oil price down
Russia's currency has dropped considerably along with the price of crude oil.…
Self-financing is the way to develop Africa: Ghana Vice President
There are many agreements between African countries to develop economies, but they…