Tag: banks

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…

Hossam Mounir Hossam Mounir

6 banks provide EGP 15.4bn to ‘Mashro’ak’ programme by end of August 2020

Upper Egypt largest beneficiary of development projects implemented, seeing 79,000 projects put…

Daily News Egypt Daily News Egypt

Banks to study impacts of interest rate cut on savings, loan products

Returns on some savings certificates and loans automatically dropped by 0.5% after…

Shaimaa Raafat Shaimaa Raafat

CBE reveals bank performance indicators for H1 2020

Banking sector deposits rise to about EGP 4.7trn, financial position of banks…

Hossam Mounir Hossam Mounir

State banks see limited changes to Boards of Directors

Renewal for Okasha, El-Etreby and their deputies at NBE and Banque Misr,…

Hossam Mounir Hossam Mounir

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…

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Banks explore repayment options of deferred loan instalments during COVID-19

Complete inventory is being undertaken of clients benefiting from CBE loan deferral…

Hossam Mounir Hossam Mounir

TE considers Vodafone Egypt acquisition as banks willing to finance deal

Should the deal be sealed, TE would merge WE with Vodafone Egypt

Alyaa Stohy Alyaa Stohy

17 banks in Egypt report total EGP 18.565bn net profits in H1 2020

Fear of COVID-19 repercussions, increase in provisions for doubtful loans put pressure…

Hossam Mounir Hossam Mounir

COVID-19 helps banks expand in digital services: CIB Official

CIB adopts long-term strategy to develop digital channels, automate payments, says Mohamed…

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