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FEB orders obligatory mask-wearing in banks, starting next week
FEB called on citizens to abide by these procedures, so that banks can continue providing their services smoothly and safely.
Digital banking on the rise owning to coronavirus push
Allowing self-registration for e-wallet services contributes to speeding up digital transformation of financial transactions
CIB’s CVentures invests in UK’s Countingup to automate banking, accounting for small businesses
CVentures is excited at the prospect of working closely with Countingup, and we look forward to helping them achieve their vision and grow into additional markets: Director at CVentures
NBE leads banking consortium to provide €30m syndicated loan to MidElec
Hisham Okasha, Chairperson of NBE, said the arrangement of this loan comes in light of the participating banks’ strategies to provide necessary funds for energy projects in local and foreign currencies because of their importance in advancing development and supporting the Egyptian economy.
CBE highlights financial soundness indicators of local banking sector
Bank profits reach EGP 83.184bn last December: CBE
Crédit Agricole appreciates medics’ Covid-19 efforts, exempts them from banking fees
Bank to give doctors, nurses priority in service inside branches
CIB deploys digital solutions to revolutionise banking sector
Bank aims to teach younger generation how to manage their money, grow their assets: deputy chief operation officer
Egyptian banking sector’s net profits reach EGP 60.758bn in September
Top five banks hold 48.98% of total profits, and biggest 10 gain EGP 42.13bn
Banque du Caire leads banking alliance to raise €150m for financing MDF factory
The factory is being built in Idku, Beheira, with a production capacity of 205,000 annually, at a total cost of €215m
Banking, agriculture, manufacturing, logistics to drive Italian businesses in Egypt next year: CISE
Italian investments in Egypt to be doubled next year to €3.2bn, says Romano
Banking sector is one of the most important pillars of Egyptian economy: Attijariwafa Egypt
Attijariwafa Bank Egypt opened four new branches in Cairo and Giza
Egypt’s new banking draft law: opportunities and challenges
New law reinforces the independence of the CBE and banks’ boards of directors, prepares Egyptian market for a new era in financial technology
Egyptian banking sector awaits repercussions of interest rate cut
Banks will begin Sunday to discuss the fate of interest on their CDs, deposits, and loans
EBI’s role goes beyond training employees in banking sector: Nossier
Institute started offering more developed training courses to support financial inclusion, says EBI Executive Director
Banks issuing Suez Canal CDs aim to get them reinvested within banking sector
EGP 64bn in CDs to mature on Thursday, banks offer new products to attract liquidity
EBRD, CBE discuss offering new banking products for Egypt’s private sector
Locally operating banks receive 25% of EBRD funding portfolio in Egypt, says EBRD’s VP for Banking
Beltone’s outlook for banking sector remains positive despite recent regulatory reforms
New banking draft law negatively affects dividends of small capital banks, slight impact of IFRS 9 on capital
Foreign investment in Egyptian T-Bills rises to EGP 265.6bn end of April 2019
Investments of banks operating in local market in government debt instruments amount to EGP 680.882bn
Prime Holding offers to acquire 100% of Pharos Securities, investment banking, bookkeeping arms
The proposed acquisition aims to increase the market share of Prime Holding in the Egyptian market to compensate for the low transaction values in the Egyptian market, Prime Holding Vice Chairperson, Mohamed Maher, told Daily News Egypt
Banks’ credit facilities see EGP 226.6bn rise end of March, deposits up to EGP 3.930tn: CBE
Private enterprise sector denominates 60.8% of total facilities, with industry in lead, according to CBE
HC Research expects Egypt’s inflation to reach 14.2% in FY 2019, 12.4% in FY 2020
CBE may resume interest rate cuts in Q4 of 2019, with a total of 5% over 2 years, says Saada
Attijariwafa Bank Egypt launches 1st business development centre of Nile Pioneers Initiative
New centre confirms effective contribution of banking sector in supporting government, CBE to encourage SMEs, says Helal
ABE supports CBE’s push towards e-payments by issuing Meeza cards: ElKoseir
Maximum balance of card is EGP 1,000, maximum monthly use is EGP 50,000
Seffa appointed Managing Director of Attijariwafa bank-Egypt, Sakr nominated as Chairperson
Seffa is leading figure who enjoys long history, experience within Group, appointing him ensures pursuing our strategic objectives in Egyptian market: El Kettani
EGP 399bn total corporate finance portfolio, syndicated loans at NBE end of April 2019
Bank arranged 17 syndicated loans in 2018 worth EGP 90bn, won 15 international awards in this field
IDB continues expansion plan with opening of new branch downtown Cairo
Ambitious plan, to support national economy, Egyptian industry in reaching world: Fahmy
Bank Audi has yet to apply for CBE approval to acquire NBG-Egypt: Helal
In May, Bank Audi signed the final acquisition contract of the NBG-Egypt, however sealing the deal currently depends on the approval of both the CBE and Banque Du Liban, the central bank of Lebanon
Net profit of Banque du Caire reaches EGP 1.218bn in Q1 of 2019
Good results always push us to continue development, says Fayed
Amer: 30-40% of Banque du Caire shares to be floated by October 2019
CBE receives 3 bids for United Bank, awaiting new offers
Masary targets doubling POS to reach 150,000 POS end 2020, has 30% market share: Chairperson, CEO
FinTech forefront of financial inclusion in Egypt, we aim to process 2m transaction daily end 2019, says Nagy
