Latest Banking News
Banks to inject EGP 117bn into MSMEs until 2022 end: CBE
Banks in Egypt required to increase financing to MSMEs to 25% of…
Suez Canal Bank’s PBT exceeds EGP 1bn in 2020
Bank pumps EGP 1.4bn into CBE's industry support initiative
Agricultural Bank partners with Kafr El-Sheikh to support youth projects
Governorate is cooperating with ABE to set up projects in agriculture, fish,…
Bank NPLs ratio in Egypt declines to 3.4% in September 2020: CBE
Banks set aside allocations to counter doubtful debts amounting to EGP 152.999bn
CBE-hosted FinTech Innovation sprint launched to address COVID-19 challenges
Innovation sprint in line with Egypt’s FinTech strategy, promotes entrepreneurs and startup…
National Bank of Kuwait – Egypt to increase issued, paid-up capital to EGP 5bn
Bank will also increase authorised capital from EGP 2.5bn to EGP 10bn
Al-Sharif Group, NBE sign EGP 978.2m financing contract for Shepherd Hotel renovation
Renovation and upgrade of Cairo’s renowned hotel is expected to take 42…
CBE amends provisions of tourism initiative guaranteed by Finance Ministry
New amendment stipulates that initiative would end after exhausting amount allocated or…
saib Bank sees net profits grow 84% to $20.4m in 2020
Increase in profits was driven by high net income from return, net…
Central Bank of Egypt reveals market performance indicators in September 2020
Customer deposits break EGP 5trn mark for first time in local market