Tag: banks

22 banks offer EGP 79.2bn in mortgage financing, supporting 599,512 low-income clients as of February 2025

The Social Housing and Mortgage Finance Fund (SHMFF) revealed that 22 banks…

Hossam Mounir

Banks in Egypt to offer free account openings with no minimum balance

All banks operating in Egypt will offer free account openings starting Sunday,…

Hossam Mounir

Financial position of banks in Egypt surpasses EGP 21.187trn in September 2024: CBE

The Central Bank of Egypt (CBE) has announced that the total financial…

Hossam Mounir

CBE mandates simplified forms for banking expenses, commissions in customer contracts

The Central Bank of Egypt (CBE) has issued a directive mandating banks…

Daily News Egypt

Banks in Egypt report EGP 426.911bn in net profits for 9M 2024

The Central Bank of Egypt (CBE) has announced that banks operating in…

Hossam Mounir

Three banks arrange EGP 5bn syndicated loan for NERIC

Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry…

Daily News Egypt

CBE enables instant inbound remittance transactions

The Central Bank of Egypt (CBE) has taken a significant step toward…

Daily News Egypt

Banks, mortgage companies inject EGP 78.66bn into low-income initiative in November

Financial institutions participating in Egypt's low-income mortgage finance initiative provided a total…

Hossam Mounir

MSMEDA partners with banks to offer Islamic financing for small enterprises: CEO

Basel Rahmy, CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency…

Daily News Egypt

Multilateral banks laud Egypt’s Climate Finance Platform at COP29

Twelve multilateral development banks issued a joint statement at COP29 in Azerbaijan…

Daily News Egypt