New micro-finance initiative worth $2.8m launched in Egypt
Egypt’s micro-finance segment is gaining new momentum thanks to central bank and…
Limited changes in boards of government banks before end of September 2017
Two leaders expected to be sacked, 4 likely to stay, ambiguity surrounds…
Banks’ capital increases by EGP 13.74bn in April: CBE
The increase came as a result of using a part of the…
41.9% increase in cash balances at banks in 2015/2016
Insurance companies’ total financial position reached EGP 65.8bn
Banks and real estate stocks “top pick” in wake of interest rate increase: analysts
Investors are more likely to pump more cash in these stocks to…
Banks consider impact of CBE’s decision to hike interest rates this week
CBE’s decision aims to curb inflation and ease its impacts after moving…
US dollar embarks on new wave of decline against pound, loses 20 piastres in 2 days
Banks give their clients up to $2,000 cash with no documents but…
Private industrial sector accounted for 62.4% of credit facilities granted by banks to non-government economic sectors at the end of March 2017: CBE
The industrial sector accounted for 36.5% of the total credit facilities granted…
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBE
Total profits amounted to EGP 30.516bn at the end of first quarter…
Banks, EGX, government departments leave for 3 days starting Sunday for Eid al-Fitr
The Central Bank of Egypt (CBE) will suspend all of their bank…