Tag: banks

Banks’ net profits increase to EGP 70.2bn by end-2018

Ten biggest banks account for 63.9% of sector’s total profits, while 5…

Hossam Mounir

Offering banks’ stakes will be crossroad for IPOs: financial analyst

Implementation of IPO’s first phase is positive message indicating that state is…

Doaa A. Moneam

Banks start issuing free e-wallets on International Women’s Day, Arab Financial Inclusion Day

CBE aims to encourage more people to join official banking system, says…

Hossam Mounir

EPG 489.138bn increase in banks’ deposits in 2018: CBE

Government’s deposits hit EGP 391.7bn, family sector deposited 66% of them

Hossam Mounir

For first time, CBE instructs banks to protect clients’ rights

Instructions have been in effect since 13 February, banks were given one-year…

Hossam Mounir

Banks to discuss fate of deposit, lending interests this week following CBE rate cut

NBE, Banque Misr to keep interests of fixed-rate saving certificates stable, cut…

Hossam Mounir

Egyptian banks increase their SME credit by EGP 136bn in 3 years

Egyptian banks increased their SMEs credit by EGP 136bn from end-2015 till…

Hagar Omran

Global Lease negotiates with four banks to fund new projects worth EGP 500m

Discussions with FMO to borrow $10m, a factoring company to be launched…

Mohamed Farag

When will agricultural sector receive appropriate share of funds from banks?

Government received 28.105% of loans, industry 24.627%, services 25.957%, retail 17.286%, trade…

Hossam Mounir

Planned cybersecurity centre will monitor any digital fraud in banks

The Head of Payment Systems at the Central Bank of Egypt (CBE),…

Daily News Egypt