Net profits of banks operating in Egypt reach EGP 93.4bn in September 2022
Net revenue of banks operating in Egypt amounts to EGP 225.807bn
Banks pump EGP 51bn to 454,000 customers as part of real estate financing initiative for low-income people
Banque Misr came in second place with total financing of EGP 12bn…
Banks expand financial services to people with disabilities upon CBE directives
This aims to facilitate citizens’ access to banking services, products
Total financial position of banks increased to EGP 10.511trn in August 2022
EGP 1.198trn increase in customer deposits within 8 months, household sector accounts…
Banks ready to work with financial derivatives
Future contracts give investors confidence and reassurance in transactions
Banks pump EGP 345bn in industrial sector within initiative to support private sector: CBE
Trade sector much easier to deal with as opposed to industrial sector,…
Banks operating in Egypt spend EGP 882.9m in CSR during 1H 2022: CBE advisor
Banking sector is major supporter of all state-initiated social, development initiatives
Banks pump EGP 48.3bn in mortgage finance for low-income segment in September 2022
NBE is in the lead, with EGP 13.7bn in funding
Banks in Egypt set withdrawal limits on using ATM cards abroad to ease pressure on FX reserves
Steps comes after spotting manipulation practices
Banks operating in Egypt tend to replace LIBOR with SOFR as reference rate for dollar certificates, deposits
Banks in Egypt will modify rates on dollar certificates in line with…