Latest Banking News
Suez Canal Bank’s net profits soar by 121% to EGP 2.3bn in 2023
Bank reports 38% increase in total assets, 14% increase in loans, and…
Banking sector contributes EGP 2bn to CSR projects in 2023: CBE
The Central Bank of Egypt (CBE) announced that the banking sector allocated…
CBE sets new rules for funding financial leasing companies
Banks must limit their credit facilities, investments in securitisation portfolios of companies…
Central Bank of Egypt’s assets reach EGP 5.107trn in January 2024
CBE reports net profit of EGP 80.23bn
Saib Bank reports EGP 1.6bn pre-tax profits in 2023
Net income from returns in local currency increased by EGP 1bn or…
Amounting to EGP 10.4 Billion, FABMISR Reports 131% increase in profits during FY2023
Fayed: FABMISR has successfully achieved significant growth across all key indicators, which…
CIB to issue financial instruments worth $1bn, increase its capital to EGP 30.431bn
The Commercial International Bank - Egypt (CIB) announced that it will hold…
Banks operating in Egypt expand financial muscle as total position hits EGP 15.165trn in October 2023: CBE
Credit facilities increase to EGP 5.179trn, with the private sector accounting for…
Opinion| How global waterways boost trade and economy
Egypt and world face economic risks due to disturbances in Red Sea
