Latest in Highlight
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Attijariwafa Bank Egypt to be amongst biggest 10 banks in local market end-2022: Managing Director
We are taking concrete steps toward achieving bank’s expansion strategy, and are proud of our progress in Egyptian market, says Sakr
Three Egyptian banks among 500 best banking brands in world
List includes NBE, Banque Misr, CIB – Egypt
Resignations, leadership reshuffle in banks operating in Egypt
More changes expected over upcoming period as new Banks Law gets issued
Banks operating in Egypt are strong, safe: CBE
NPLs down to 3.9% of total loans by end-2018
Tamweely negotiates with 4 banks for supplementary financing of EGP 400m
Company injects EGP 700m of micro loans to 40,000 clients through 38 branches in 11 governorates
Banks supported their capital by EGP 9.69bn in 2018: CBE
Value of financial position of Egyptian banking sector’s units increases by EGP 619.3bn
Banks’ net profits increase to EGP 70.2bn by end-2018
Ten biggest banks account for 63.9% of sector’s total profits, while 5 largest banks account for 48.2%
Offering banks’ stakes will be crossroad for IPOs: financial analyst
Implementation of IPO’s first phase is positive message indicating that state is serious, says Ehab Saeed
Banks start issuing free e-wallets on International Women’s Day, Arab Financial Inclusion Day
CBE aims to encourage more people to join official banking system, says Elkosayer
EPG 489.138bn increase in banks’ deposits in 2018: CBE
Government’s deposits hit EGP 391.7bn, family sector deposited 66% of them
For first time, CBE instructs banks to protect clients’ rights
Instructions have been in effect since 13 February, banks were given one-year period to adjust their situations
Banks to discuss fate of deposit, lending interests this week following CBE rate cut
NBE, Banque Misr to keep interests of fixed-rate saving certificates stable, cut those of variable-rate certificates by 1%
Egyptian banks increase their SME credit by EGP 136bn in 3 years
Egyptian banks increased their SMEs credit by EGP 136bn from end-2015 till end-2018, benefiting about 522,000 foundations, Gamal Negm, deputy governor of the Central Bank of Egypt (CBE), said on Tuesday. The banking sector allocated 65% of its loans to the private sector, Negm said before an IMF conference on its paper about Financial Inclusion …
Global Lease negotiates with four banks to fund new projects worth EGP 500m
Discussions with FMO to borrow $10m, a factoring company to be launched mid-March
When will agricultural sector receive appropriate share of funds from banks?
Government received 28.105% of loans, industry 24.627%, services 25.957%, retail 17.286%, trade 7.627%
Planned cybersecurity centre will monitor any digital fraud in banks
The Head of Payment Systems at the Central Bank of Egypt (CBE), Ehab Nasr, said the CBE works within a large team in the government regarding digital transformation under the umbrella of the National Council of Payments. “The bank works within a general framework to produce a national payment card ‘Meza card’. We aim to …
Banks move toward digitisation, fintech
NBE launches first e-service branch; Banque du Caire to introduce first smart branch
2019 is year of challenges, opportunities for banks
There are many challenges, pressures on banks’ budgets, profits in upcoming period
All banks operating in Egyptian market invited to adopt principles of responsible banking
Egyptian banking sector is strong, capable of achieving Egypt’s leadership in sustainable development in Middle East, Africa
Foreign assets deficit continues to widen in banks
Exit of foreign capital from emerging economies trailed in October at slower pace since April 2018: CBE
Credit facilities granted by banks to their clients increased by EGP 25.3bn in October
Private business sector covered for 61% of total credit facilities, industries among top beneficiaries: CBE
Deposits, commercial accounts in banks rose to EGP 3bn: CAPMAS
The Central Agency for Public Mobilisation and Statistics (CAPMAS) data has shown that the financial position of the banks rose to reach EGP 4261.3bn for 2016/17 with a rate of increase 49.7% for 2015/16. The increase has reached EGP 1415.2bn due to the increase in the deposits and commercial accounts at a value of EGP …
Minister of Finance criticised for his statements regarding taxpayers’ accounts in banks
This is not first time officials make statements that do not take certain aspects into consideration negatively affecting economy: Aboulfotouh
Banks are preparing to activate ‘Miza’ national payment card
HDB has finished configuring its ATMs to accept the card: Sebaey
Banks allocate EGP 114.602bn to face doubtful debts end-September: CBE
The ratio of non-performing loans up to 4.4% of total loans in Q3 2018
Banks’ profits score EGP 48.499bn until September 2018
Top five banks account for 43.9% of profits, top 10 hold 61.07%: CBE
Banks’ investments in T-Bills reached EGP 749.117bn at end of October: CBE
Foreign investment in bills decline for 7th month in a row
5 major banks represent UAE in Egyptian market
List includes Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, UNB Egypt, Mashreq
Credit facilities granted by banks to clients increase by EGP 28.2bn in Q3 2018
Private business sector obtains 61.3% of these facilities, industry sector benefit most, says CBE
Banks continue to shine with strong business results in 9M18
Marked increase in deposits, loans portfolios, NPLs decline at most banks