CIB’s Hisham Ezz Al-Arab receives Global Finance Lifetime Achievement Award
Global Finance has awarded Hisham Ezz Al-Arab, Chairperson and CEO of Egypt’s…
FRA raises microfinance loan cap to EGP 266,000
The Financial Regulatory Authority (FRA), under the leadership of Mohamed Farid, has…
22 banks offer EGP 79.2bn in mortgage financing, supporting 599,512 low-income clients as of February 2025
The Social Housing and Mortgage Finance Fund (SHMFF) revealed that 22 banks…
Banks in Egypt to offer free account openings with no minimum balance
All banks operating in Egypt will offer free account openings starting Sunday,…
United Bank achieves record-breaking results, net profits surge 60% to EGP 2.73bn in 2024
United Bank has announced standalone pre-tax profits of EGP 3.61 bn in…
Banque Misr grants EGP 2.6bn credit facility to Hyde Park for ‘Sea Shore’ project
Banque Misr has signed a credit facility agreement with Hyde Park Developments,…
Egypt’s banking sector sees $37.8bn surge in net foreign assets over one year
Egypt’s banking sector, encompassing both the Central Bank of Egypt (CBE) and…
Islamic banking in Egypt increases to EGP 1.14trn in 2024
The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing…
Net foreign assets in Egypt’s banking sector surge to $8.7bn in January 2025: CBE
The Central Bank of Egypt (CBE) has reported a significant rise in…
CIB, Kenya Bankers Association launch 3rd Credit Analysis Programme for university graduates
Commercial International Bank – Egypt (CIB) and Kenya Bankers Association (KBA) have…