Latest Banking News
Egypt focuses on MSMEs as they represent 98% of private sector: CBE
Egypt has 3.4 million micro-sized businesses, 2,200 medium-sized enterprises, and 217,000 small-sized…
CBE extends cash cover for foodstuffs until 15 March 2023
The CBE has extended the exclusion period twice in the past two…
CBE conducts survey to find out needs of SMEs: Deputy Governor
Funding is no longer biggest challenge facing SMEs, as they need non-financial…
33.47% deposit growth at HDB, registering highest rate among banks on EGX in 2021
Highest growth in corporate loans estimated at 36.7%, equity 25.10%, net income…
Egypt’s external debt registers $137.4bn in September 2021: CBE
Long-term debt accounts for 91.6% ($125.9bn) of total external debt
CIB issues 1st Ecological Footprint report in Africa, setting trend in sustainable finance
The report is an important milestone in the CIB’s journey to make…
CBE leads efforts to promote fintech in local banking market: Sub-Governor
This year will witness many fintech projects, including instant payment network: Ayman…
Islamic banking in Egypt amounts to EGP 429bn in 2021: Eifa
Islamic deposits record about EGP 350.4bn, financing reaches EGP 328bn