Latest Banking News
Tightening monetary policy prerequisite for achieving inflation targets of 7% (±2%) in 4Q 2024, 5% (±2%) in 4Q 2026: CBE
The CBE stated that the widespread rise in inflation requires more monetary…
CBE to decide fate of EGP interest rate amid strong expectations of new rise
I expect 2-3% interest rate hike, but I hope it won’t change:…
E-payment cards in banking sector increase to 57.475 million in 2022: CBE
1582% growth in points of sale over 8 years
IFC partners with Egypt’s CIB in managing climate risk, boosting sustainability
In a Wednesday press statement, the IFC said that the advisory project…
CIB general assembly approves issuance of financial instruments worth $1bn
To support bank's capital base to finance future expansion or investment activities,…
DNE Awards honours CIB as Most Efficient Egyptian Bank
. The award comes in recognition of CIB's outstanding efforts to finance…
AUB Egypt records 73.6% growth in consolidated net profit to EGP 2.04bn in 2022
Bank’s total assets reach EGP 85.7bn in 2022
CBE approves rules governing payment card service codes
Rules require banks to abide by Anti-Money Laundering Law
22 banks offer EGP 54.3bn in mortgage finance for low-income housing in February 2023
NBE provides EGP 15.464bn in mortgage finance to 133,864 customers, accounting for…
Financial position of banks in Egypt breaks EGP 12trn barrier in November 2022: CBE
Bank deposits reach EGP 8.373trn with 28.99% growth, credit facilities increase to…