Latest Banking News
CIB reports consolidated net income of EGP 6.06bn in 1Q 2023
The Commercial International Bank (CIB) Monday announced that its first-quarter 2023 consolidated…
Al-Hini elected as HDB’s non-executive chairperson, Ghanem re-elected as CEO
The Housing and Development Bank (HDB) has announced that Basil Al-Haini was…
ABE receives first batch of locally produced wheat
Bank receives 277,000 tonnes of wheat with total value of EGP 2.8bn
Does the dropping inflation give CBE opportunity to raise interest rates?
MPC will hold its third periodic meeting in 2023 this week to…
Egypt’s external debt increases $7.9bn to $162.9bn in 2Q 2022/23: CBE
The Central Bank of Egypt has revealed that the North African nation’s…
HDB offers new savings certificate with 20% yield
Minimum purchase price for new certificate is EGP 100,000
Most prominent BoP indicators show improvement in 1H 2022/23: CBE
This was largely attributed to the decline in the trade deficit by…
$548m increase in Egypt’s international reserves in 4 months: CBE
International reserves record $34.551bn in April 2023, compared to $34.003bn in December…
4.2 million tonnes of fodder supplies worth $2bn released from ports: Minister of Agriculture
He affirmed that the release of fodder requirements is continuing in coordination…
4 banks participate in 6th phase of lump-sum export subsidy dues payment
Banks are NBE, Banque Misr, Banque du Caire, and Export Development Bank