Latest Banking News
90% of Egypt’s foreign debts are long-term: CBE
At 33.5% of GDP, debt levels are within safe limits compared to…
EMs see rising capital inflows since May 2020: CBE
Monetary, financial stimulus policies and structural reforms alleviate pandemic’s consequences on neediest…
AMF gather regional central banks to discuss COVID-19 impact on sector
Meeting was held in cooperation with International Monetary Fund
HSBC’ economists forecast 2.4% GDP growth in Egypt in 2020: Regional CEO Tricaud
GCC economies to shrink on average by 5.6% y-o-y in 2020, before…
CBE establishes EgyCash for technological cash solutions
CBE contributes up to 35% of new company’s capital, while NBE, Banque…
CBE eases bank account opening procedures for individuals, small enterprises
New rules allow banks to expand customer base, help them implement financial…
HDB honours high-performing high school students for 6th consecutive year
The honoured students included those in the preparatory stage, as well as…
MSMEDA, Banque Misr sign EGP 500m worth microfinance contract
The contract was signed by Minister of Trade and Industry and MSMEDA…
CBE simplifies bank account opening for individuals, micro enterprises
The move took place in cooperation with the Egyptian Money Laundering and…
Local currency deposits with Egypt banks up EGP 80.104bn in August: CBE
In a recent report, the CBE stated that demand deposits in local…