Tag: banks

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

Banks apply limited interest cuts after CBE slashes basic rates

Most cuts were limited to variable return certificates

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

Banks allocate EGP 122bn to face doubtful debts until June 2019: CBE

Slight increase in non-performing loans at banks in 1H 2019, reaching 4.2%…

Hossam Mounir

Banks’ SMEs funding amounts to EGP 146bn, targeting EGP 200bn by year-end: El-Etreby

The CBE has instructed banks working in the local market to allocate…

Daily News Egypt

Banks reduce NPLs allocations by EGP 2.95bn in June 2019

Reserves declined to EGP 236.06bn end-June, compared to EGP 238.89bn end-May

Hossam Mounir

Bank deposits up by EGP 95.471bn recording EGP 4.007tr in June

Banks’ credit facilities see EGP 224.7bn rise, private business sector holds 60.7%

Hossam Mounir

E-Banking future of banks inside, outside Egypt: Ozalp

Blom Bank Egypt launches contactless payment service via credit, debit cards

Hossam Mounir

Banks issued over 31m e-payment cards in Egypt by end-2018: CBE

Largest ten banks in Egypt hold more than 81% of credit and…

Hossam Mounir

Banks’ credit facilities see EGP 218.6bn rise in 11 months

Private sector accounts for 60.8% of total facilities, with industry in the…

Hossam Mounir