Latest Banking News
National Investment Bank refutes liquidation reports, puts restructure plan into operation
It is part of Egypt’s structural reform programme
Central Bank of Egypt sets unified definitions for active, dormant bank accounts
Banks to be allowed to close accounts in case of year-long inactivity…
Central Bank of Egypt explains reasons for fixing interest rates for 6th consecutive time
Initial indicators show continued improvement in most economic sectors: Monetary Policy Committee
Egypt’s interest rates expected to remain unchanged for 6th consecutive Central Bank meeting
Inflation trends in coming months will see increase but within CBE’s new…
Egypt’s bank deposits in local currency increase by EGP 376.1bn during H1 2021
Deposits in foreign currency reach equivalent of about EGP 650.870bn in June…
ADCB appoints Inès Kadri as Head of Communications, Sustainability, Customer Satisfaction
Kadri has over 20 years of banking experience, during which she has…
CIB submits request to increase issued capital to EGP 19.7bn
The higher figure reflects an increase of EGP 4.92bn, and compares to…
Tamweely injects EGP 3.6bn of funds to over 141,000 clients
Company plans to expand network to 100 branches by 2021 end
Agricultural Bank of Egypt installs 750 ATMs in rural areas
This is considered a record period compared to the challenges facing the…
Cash on delivery drops 85% as consumer trust in digital payments continues to rise: Visa
Egyptian consumers increasingly stepping away from cash, and putting trust in digital…