Latest Banking News
3 state-run banks lead savings certificates market with record-yield vessels
Banks increased yield on savings certificates after Central Bank raised its basic…
Financial inclusion reaches 64.8% in 2022: CBE
42.3 million citizens own, use transactional accounts, of whom 18.3 million are…
Bank crashes won’t turn into repeat of 2008 crisis, says expert
There may be vulnerabilities to the rise in interest rates if it…
Private banks in Egypt issue high-yield savings certificates
CIB offers 3-year certificate with a return of 22%, QNB Alahli raises…
Hassan Ghanem re-elected as chairperson of HDB
Ghanem’s new term in office will last from March 2023 to March…
A Gulf investor considers buying stake in AAIB
The government IPO programme included 32 companies that will be offered until…
NBE, Banque Misr offers three-year certificates with fixed 19%, decreasing 22% yields
The two banks said, in a statement on Sunday, that the issuance…
Central Bank of Egypt considers raising banks’ reserve requirement
The source added that the Central Bank of Egypt could hike the…
Banks discuss amending interest rates on their savings, loan products
Interest rates of variable-return certificates, some loan products rise automatically
ADIB Egypt obtains CBE’s approval to issue prepaid ‘Takka’ cards
ADIB Egypt obtains CBE’s approval to issue prepaid ‘Takka’ cards