Tag: banks

CBE doubles mortgage finance share to 10% total loan portfolio at banks

Growth of the real estate sector contributes to the continuous improvement of…

Hossam Mounir Hossam Mounir

Expected change in banks map Egyptian market

Expected exits, acquisitions, mergers, against Lebanese crisis, implementation of new banking law

Hossam Mounir Hossam Mounir

Banks’ credit facilities reach EGP 1.84trn November 2019

Private business sector accounted for 59.2% of the total facilities, and the…

Hossam Mounir Hossam Mounir

Euronet Worldwide contracts with banks to provide services in Egypt’s tourism sector

Company plans to increase its remittance transactions to Egypt, says its vice…

Shaimaa Al-Aees Shaimaa Al-Aees

Banks in Egypt inject EGP 144.2bn to finance MSMEs from Dec. 2015 to June 2019: CBE

Service sector received EGP 62.2bn banking funds, while industrial sector got EGP…

Hossam Mounir Hossam Mounir

20 banks finance 254,200 beneficiaries by EGP 24.6bn in CBE’s mortgage finance initiative 

8 companies inject EGP 1.5bn, Taamir Mortgage tops with EGP 551.6m with…

Hossam Mounir Hossam Mounir

CBE issues new regulations for microfinance in banks

Excluding credit portfolios purchased from micro finance companies or associations in 20%…

Hossam Mounir Hossam Mounir

Credit facilities by banks fall EGP 35.2bn in July to EGP 1.8trn: CBE

Private sector receives 60.3% of total facilities, industry at the forefront of…

Hossam Mounir Hossam Mounir

Banks apply limited interest cuts after CBE slashes basic rates

Most cuts were limited to variable return certificates

Hossam Mounir Hossam Mounir

Moody’s sees Egypt’s rate cut, easing inflation as credit positive for banks

Credit rating agency expects Egypt's GDP to grow 5.6% in 2019, additional…

Mohamed Samir Mohamed Samir