Latest Banking News
Egyptian pound appreciates 30 piasters against US dollar in 2020 despite COVID-19
Local currency is likely to see further gains against US dollar in…
High solvency, liquidity enable Egypt banking sector to function successfully amid COVID-19: Central Bank
Banking sector has witnessed high financial stability in past years, allowing it…
EIB, Banque Misr partner to speed up SMEs recovery from COVID-19 in Egypt
€425m to support Egyptian SMEs, mid-caps
National Bank of Egypt acquires 24% stake in Aman Financial Services for EGP 480m
National Bank of Egypt Chairperson Hisham Okasha said that this step is…
CIB unique among Egyptian banks regarding environmental transparency
The Commercial International Bank (CIB) announced, on Wednesday, that it has furthered…
Portfolio investment flows to EMs to recover slowly in 2021: CBE
Egyptian economy contained reversal in portfolio investment flows thanks to its relatively…
Jordan’s Capital Bank acquires Lebanon’s Bank Audi units in Iraq, Jordan
Accordingly, these acquisitions will increase the consolidated assets of Capital Bank to…
Central Bank of Egypt extends measures to contain COVID-19 repercussions until June 2021
Extension reflects CBE’s keenness to protect national economy, preserve gains of reform
Buna conducts 1st intra-Arab transaction between Mashreq Bank, Banque Misr
The Arab Monetary Fund (AMF) has announced that its Buna payment platform…
NBE, Banque Misr cut monthly return on savings certificates by 1%
Both banks cancel savings certificates with quarterly return