Latest Banking News
Crédit Agricole to discuss increasing issued capital to EGP 5bn in June
Increase to be financed through EGP 3.627bn of retained earnings, EGP 63.18m…
Agricultural Bank of Egypt’s loan portfolio reaches EGP 46.37bn in April: Chairperson
Deposits up EGP 15bn from March 2020 through April 2021
CIB net income rises 20% to record EGP 2.87bn in Q1 2021
Bank started 2021 on positive year following year marked by exceptional challenges…
ALEXBANK hosts webinar on Suez Canal’s Pivotal Role in Mediterranean, Global Maritime Economy
Bank cooperated with Italian company SRM since 2015 to analyse actual performance…
4 banks acquire 90% of Islamic banking in Egyptian market
Faisal Islamic Bank of Egypt ranked first with EGP 119bn turnover in…
The Sovereign Fund of Egypt and EFG Hermes Holding sign agreements for the acquisition of 76% of Arab Investment Bank
Transaction will be capital increase that will raise Bank’s paid-in capital to…
CBE amends 2 initiatives supporting Egypt’s tourism industry
Initiatives aimed at financing replacement, renewal of hotels and transport fleets, payment…
Egypt’s annual headline urban inflation declines to 4.1% in April 2021: CBE
Monthly headline urban inflation registers 0.9% in April 2021
Financial position of banks in Egypt increases to EGP 7.3trn in February: CBE
Foreign investments in Egypt’s T-bills amount to EGP 313.68bn in March 2021
National Bank of Egypt to finance 1.5-million-feddan reclamation project beneficiaries
Bank records EGP 14.6bn in agricultural loans given to 34,000 projects