Latest Banking News
A Gulf investor considers buying stake in AAIB
The government IPO programme included 32 companies that will be offered until…
NBE, Banque Misr offers three-year certificates with fixed 19%, decreasing 22% yields
The two banks said, in a statement on Sunday, that the issuance…
Central Bank of Egypt considers raising banks’ reserve requirement
The source added that the Central Bank of Egypt could hike the…
Banks discuss amending interest rates on their savings, loan products
Interest rates of variable-return certificates, some loan products rise automatically
ADIB Egypt obtains CBE’s approval to issue prepaid ‘Takka’ cards
ADIB Egypt obtains CBE’s approval to issue prepaid ‘Takka’ cards
Banks offer EGP 4bn to 172k small, micro enterprises in Decent Life initiative: CBE
52k bank accounts, 13k mobile wallets were opened in villages
Domestic liquidity in banking sector increases to EGP 7.8trn in February 2023: CBE
Total non-governmental deposits in local currency amounted to EGP 5.549trn
Tightening monetary policy prerequisite for achieving inflation targets of 7% (±2%) in 4Q 2024, 5% (±2%) in 4Q 2026: CBE
The CBE stated that the widespread rise in inflation requires more monetary…
CBE to decide fate of EGP interest rate amid strong expectations of new rise
I expect 2-3% interest rate hike, but I hope it won’t change:…
E-payment cards in banking sector increase to 57.475 million in 2022: CBE
1582% growth in points of sale over 8 years