Tag: banks

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

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

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

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

Hossam Mounir

Al-Sisi directs banks in Egypt to continue local market support, development financing

About EGP 180bn has been invested in 120,000 companies as part of…

Hossam Mounir

Egypt banks celebrate International Youth Day with increased support for financial inclusion

Egyptian banks to support new accounts at no minimum amount or fees,…

Hossam Mounir

Banks in Egypt contribute EGP 700m to support daily labourers: El-Etreby

In exclusive statement to Daily News Egypt, El-Etreby said that the donations…

Hossam Mounir

Afreximbank grants $3.55bn to Egypt banks amid COVID-19 response

Afreximbank elaborated that the $3.55bn support has been provided to the Central…

Shaimaa Al-Aees

Financial position of banks in Egypt up to EGP 6.421trn in April: CBE

Total deposits up by EGP 92.4bn, total loans rise by EGP 91.9bn

Hossam Mounir

Banks in Egypt hedge against COVID-19 despite Q1 profit decline

Daily News Egypt monitors profit decline of 12 banks out of 16…

Hossam Mounir

Egypt banks see EGP 62bn increase in local currency deposits in May

NFA surplus with banks, CBE records about $5.3bn increase

Hossam Mounir