Latest Banking News
ITS discusses regulatory framework for cybersecurity in banking sector
The conference also discussed ways of cooperating with banks to provide all…
Local institutions, banks launch ‘Avans Manara’ fund for direct investment, targeting EGP 2bn volume
Fund’s issued capital amount to EGP 905m
ABE announces increase in agricultural credit categories by 25%
Bank pumps nearly EGP 12bn to finance agricultural loans from mid-June 2020…
CBE launches several initiatives for women’s financial inclusion, empowerment since 2016
It also provided women with the necessary funding to help them implement…
CBE raises interest rate by 1% in exceptional meeting, Egyptian pound declines significantly
The CBE believes in the importance of exchange rate resilience to absorb…
US dollar exchange increases EGP 1.75 against backdrop of interest rise
Greenback records EGP 17.4 for purchase and EGP 17.5 for sale at…
NBE, Banque Misr offer one-year 18% saving certificates
Yehia Abou El-Fotouh, Vice Chairperson of the NBE, said the bank’s new…
Egypt’s Monetary Policy Committee increases key policy rates by 1% in extraordinary meeting
Objective of raising policy rates is to anchor inflation expectations, contain effects…
Banque Misr, NBE, Banque du Caire agree to launch $85m MEA-focused ‘Nclude” fund for fintech
Participating investment entities also include e-finance, Egyptian Banks Company, and Global Ventures
Banks in Egypt show strong recovery indicators from COVID-19 repercussions in 2021
Net profits of banks increase to EGP 107.132bn in December, compared to…