Tag: banks

CBE introduces new controls for updating customer data in banks

Banks must obtain CBE approval for electronic client data updates and have…

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EGP 283.3bn net profits for banks in Egyptian market in 2023: CBE

Total financial position of banks records EGP 15.165trn

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Foreign currency inflows rise in banks, exchange offices following EGP liberalisation

Average dollar value decreases by EGP 1.7 from its peak after flotation,…

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Banks operating in Egypt expand financial muscle as total position hits EGP 15.165trn in October 2023: CBE

Credit facilities increase to EGP 5.179trn, with the private sector accounting for…

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Egyptian banks thrive despite challenges, plan for future with ambitious strategies

Egyptian banks have overcome various challenges from the local and global economies…

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Banks to review interest rates on savings, loans after CBE’s 2% rate hike

The Assets and Liabilities Committees (ALCO), which are in charge of setting…

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Five banks finance over 210,000 projects with EGP 27.8bn under ‘Mashrou’ak’ initiative

Banks are NBE, Banque Msir, Banque du Caire, HDB, and ABE

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CBE reports EGP 14.742trn total financial position of banks in 3Q 2023

Capitals register EGP 323.776bn, reserves EGP 492.386bn, and allocations EGP 305.455bn

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