Tag: banks

Top 10 Egyptian market banks report EGP 14.661bn in net profits in September

QNB Alahli accounts for 38% of total profits achieved by top 10…

Hossam Mounir

Banks in Egypt discuss fate of interest rates following CBE’s cut

Yield of some savings certificates, loan products automatically decreases by 0.5%, while…

Hossam Mounir

Financial position of banks in Egypt up EGP 96.9bn in July 2020: CBE

Volume of doubtful debts allocations amounts to EGP 150.877bn, reserves amount to…

Hossam Mounir

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

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

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

CBE reveals bank performance indicators for H1 2020

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

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

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…

Hossam Mounir

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