1.190tn in total banking deposits in June: Central Bank
Rise in deposits seen as symptomatic of Egypt’s “economic deflation”
A big question mark on the Islamic finance industry
By Muhammad Zubair Mughal Apparently, it is a matter of pleasure that…
Banks demand security
Egyptian Trade Union Federation asks interior ministry for extra security at bank…
Egyptian banks register profits despite economic uncertainties
Faisal Islamic Bank of Egypt announced net profits worth EGP 370.816m in…
Factories call for aid from banking sector
Officials stated that the two sectors were very different and that one…
Central Bank of Egypt: Normal working hours to begin Monday
All banks are to remain open to receive clients between the 8.30am…
Banks resume working amid unrest
Banks returned to working normally starting Sunday for only three hours a…
Banks consider cutting interest rates on deposits
The banks stated that they would study ways and mechanisms to decrease…
Fitch Group’s new credit downgrade of Egypt does not take into account recent aid received from the Gulf
The analysts stated that the recent downgrade would not have a large…