Latest Banking News
Banks offer EGP 4bn to 172k small, micro enterprises in Decent Life initiative: CBE
52k bank accounts, 13k mobile wallets were opened in villages
Domestic liquidity in banking sector increases to EGP 7.8trn in February 2023: CBE
Total non-governmental deposits in local currency amounted to EGP 5.549trn
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