Latest Banking News
Tamer Seif El-Din appointed as CEO and Managing Director of aiBANK
The appointment came after the completion of the acquisition of 76% of…
CBE reveals developments in commodity prices in 2021
Egypt’s annual urban inflation records 5.2% in 2021, compared to 5% in…
Egyptian banking sector handles pandemic’s repercussions efficiently: CBE
Banks adopt special measures that result in growth of their credit, investment…
Foreigners account for 22.6% of Egypt’s T-bills issuances in 1H 2021: CBE
In a financial stability report issued at the end of last week,…
NBE manages 51 financing deals worth over EGP 235bn in 2021
Bank ranks first in Egyptian, African banking markets as financing agent, main…
Local currency non-governmental bank deposits grow to EGP 4.38trn in November 2021: CBE
In a recent report, the CBE explained that deposits in local currency…
CBE approves launch of e-portal for smartphone wallet management
There are over 25 million e-wallets now in Egypt, with 27% growth…
CBE receives 33 bids worth $1.037bn for T-bills issuance denominated in US currency
The Central Bank of Egypt (CBE) received 33 bids from local and…
ADIB-Egypt’s groundbreaking ‘Xcite’ account provides financial freedom for youth
ADIB-Egypt has launched its innovative “Xcite” new account, designed exclusively for 16…
Suez Canal Bank participates in 2 securitisation issuances worth EGP 200m
The bank participated with EGP 100m in the securitisation issuance of Global…