Latest Banking News
EBRD loans NBK – Egypt $50m to finance SMEs
The loan contract was signed on Thursday by Managing Director of NBK…
Banknote issuance increases to 13.09% of GDP in June: CBE
The rate of banknote issuance reached about 15.06% of GDP in June…
28 banks offer to invest EGP 225.98bn of surplus liquidity in CBE deposits
The CBE raised the Deposit Operation mechanism on Monday, in order to…
United Bank seeks new, strong banking entity: Abdel Hamed
The bank aims to finalise bad debts portfolio, spread its branches and…
Banque Misr achieves new milestone in electronic payments
Banque Misr allows companies to pay their due payments to the government…
Vital incentives to encourage foreigners to invest in governmental debt instruments: El-Kosayer
According to CBE, foreign investors were the second largest investors in Egyptian…
Government plans to borrow EGP 281.5bn from banks in coming 3 months
Finance ministry to issue treasury bills worth EGP 199.5bn, bonds worth EGP…
Foreign investments in Egyptian treasury bills amount to EGP 500m in June 2015: CBE
Foreign investment in government debt instruments is too little compared to before…
24.4% increase in banks’ net value added in FY 2013/2014: CAPMAS
81% decline in banks’ value of savings during FY 2013/2014
Private sector acquires 61.9% of commercial credit facilities: CBE
The total facilities granted to the government by banks until the end…