Latest Banking News
CBE expected to keep interest rates on hold Thursday
NBE, Banque Misr decision to halt 15% certificates and reduction of NIB…
NBE, Banque Misr halt 15% saving certificates after achieving EGP 383bn in sales
National Investment Bank reduces return on A, B saving certificates
Non-performing loans in Egypt’s banks drop to 3.9% end-June
Banks allocate EGP 150.079bn to address doubtful debts, alongside reserves of EGP…
Bank Audi Money Market Fund achieves 10.58% annual return YTD
The minimum subscription in the fund is estimated at about 100 securities…
Bank profits reach EGP 50.049bn in June: CBE
Total financial position of banks working in Egyptian market rises to EGP…
CBE extends fees waiver on ATM cash withdrawals, bank transfers to year-end
CBE to bear EGP 50m of pension withdrawal expenses until 2020-end
NBE signs EGP 793.9m long-term financing contract for Nile Wood Company
The agreement was made as part of the Central Bank of Egypt’s…
Faisal Islamic Bank records EGP 112.751bn in business volume during August
Bank’s total accounts grew 13.6% to about EGP 93.083bn last month