Banks’ investments in T-Bills reached EGP 749.117bn at end of October: CBE
Foreign investment in bills decline for 7th month in a row
5 major banks represent UAE in Egyptian market
List includes Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank,…
Credit facilities granted by banks to clients increase by EGP 28.2bn in Q3 2018
Private business sector obtains 61.3% of these facilities, industry sector benefit most,…
Banks continue to shine with strong business results in 9M18
Marked increase in deposits, loans portfolios, NPLs decline at most banks
Banks’ investments overseas: high diversity, multiple risks, derivatives completely prohibited
CBE placed several measures to hedge, expand investments, eliminate risky asset investments:…
Egyptian banks inject EGP 111bn to finance SMEs until June 2018: NBE
NBE aims to increase the volume of funds allocated for SMEs to…
Network International banks integrate Egypt’s Meeza payment scheme
NI partner banks among first acquiring banks in Egypt to integrate national…
Banks’ profits score EGP 45.843bn at end of June 2018
Top five banks account for 61.34% of profits, against 72.87% for 10…
Five banks grant syndicated loan of EGP 2.4bn to Oilex for establishment of industrial complex for extraction, refining, packaging of vegetable oils
Loan amounts to 61% of investment cost, financing extends over seven years,…
CBE alters banks’ granting of credit facilities to public business sector companies
New rules for banks dealing with companies engaged in financing instalment sales