Latest Banking News
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…
Why Egypt’s annual inflation jumps to 32-month high in February 2022?
CBE attributes increase in annual urban inflation to strong monthly food dynamics…
Egypt focuses on MSMEs as they represent 98% of private sector: CBE
Egypt has 3.4 million micro-sized businesses, 2,200 medium-sized enterprises, and 217,000 small-sized…
CBE extends cash cover for foodstuffs until 15 March 2023
The CBE has extended the exclusion period twice in the past two…
CBE conducts survey to find out needs of SMEs: Deputy Governor
Funding is no longer biggest challenge facing SMEs, as they need non-financial…
33.47% deposit growth at HDB, registering highest rate among banks on EGX in 2021
Highest growth in corporate loans estimated at 36.7%, equity 25.10%, net income…