Latest in Banking Highlight
Latest in Banking
277,000 customers in 15 banks and eight mortgage finance companies are to benefit from the service when fully implemented
CBE under Amer succeeded in managing the files of monetary policy and exchange market, which reflected positively on the performance of the national economy as a whole, say bankers
Government, investors, and EGX are the most beneficiaries from the decision, while bank depositors are the most harmed
It’s the highest foreign exchange reserves in Egypt’s history, covering more than eight months of commodity imports.
Banks issued 3.5m Meeza cards until end-October, says CBE Deputy Governor
Service sector received EGP 62.2bn banking funds, while industrial sector got EGP 43.1bn
Egypt’s imports scored $66.529bn, while exports reached $28.495bn between July 2018 and June 2019
FX reserves up by $25.618bn, exchange rate and inflation fall, and public debt rises
The protocol was signed by Amr Gadallah, the bank’s vice president, on behalf of Amr Kamal, the bank’s chairperson, and on the other side, Tarek El Said, the club’s president and parliament member.
Dealing with financial institutions is better and cheaper than bonds, says Aboul Fotouh
The CBE noted that debt services reached $13.4bn in fiscal year 2018/19, including $10.2bn in instalments and $3.2bn in interest.
US currency lost 13 piasters of its value in October, totalling 178 piasters decline since beginning of 2019
Bank to expand in financing large companies to support economic development in Egypt, says Azab
We aim to achieve 30-35% growth in various activities this year, says Fahmy
CBE gives last chance for conflicting parties to reach solution
Banque du Caire’s microfinance portfolio reaches EGP 6.5bn benefiting 240,000 customers, targeting EGP 7bn by year-end, says Fayed
Bank fraud is the criminal act of breaching the security measures of a financial institution to steal funds or obtain delicate client information illegally.
The financing is offered at 5% and 7% interest rates, as part of the Central Bank of Egypt (CBE)’s Mortgage Finance Initiative.
8 companies inject EGP 1.5bn, Taamir Mortgage tops with EGP 551.6m with 4,800 clients
Bank manages 1.701m accounts for its clients worth EGP 82.896bn
Arab banking sector assets reached $3.4trn by end-2018 equivalent to 124% of Arab countries’ GDP
Bank pumped EGP 19bn to about 900,000 SMEs
13% of short-term debts are deposits from Arab countries that are renewed every four years
Excluding credit portfolios purchased from micro finance companies or associations in 20% allocated to SMEs from loan portfolios at banks
It’s part of bank’s efforts to support, finance development projects, especially in rural areas, ElKosayer
New law reinforces the independence of the CBE and banks’ boards of directors, prepares Egyptian market for a new era in financial technology
Subscription ends on 4 January 2020, and can be suspended after 10 days if the subscription was not fully covered, says Farouk
Banking act may spur a wave of consolidation amongst smaller or undercapitalised banks
Tripartite meeting of CBE’s Legal Advisor, Regional Director, and Legal Affairs Director at NBG Bank to discuss employees’ demands
Bank arranged a syndicated loan of EGP 1.7bn for Redcon Construction in cooperation with QNB Al Ahli