Latest in Highlight
New saving certificates issued by NBE and Banque Misr gain LE 10.7 bn in two days.
80% of NBE’s certificate sales took place online
CBE included microfinance sector in the initiative on Monday
Okasha as deputy chairperson, Abaza as treasurer
To ensure safety of customers, employees, new certificates to be available only via mobile, internet banking, call centres, email: Banque Misr chairperson
EGX30 down 17.7% last week despite Thursday’s session 5% increase
Both banks to offer 1-year saving certificates with 15% yield on Sunday
Managing Director of Fawry Mohamed Okasha said the new agreement was the result of fruitful cooperation between the two sides. It would be in their mutual interest which is expanding the banking sector’s digital services.
SODIC had signed the partnership agreement for the 500-feddan plot with the NUCA in March 2019. Since then, the company has been awarded the ministerial decree and launched the first neighbourhood of the project “VYE” which achieved over EGP 1bn in booked sales.
The loan will finance inventory needed to operate ESISCO production lines
Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
The CBE has instructed banks working in the local market to allocate 20% of their loan portfolios to finance SMEs. El-Etreby pointed out that NGOs were also included within this segment.
FAB scores highest growth in assets by 258.9%
New centres’ locations selected as per Egypt’s investment opportunities map
Bank signs cooperation protocol with universities to provide workspaces for entrepreneurs
EGP appreciation poses itself risk, as most of revenue generated is priced in USD
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free of charge for six months
NBE ranked 13th with $85.18bn assets, Banque Misr 25th with $49.44bn
All bodies subject to this law shall comply with its provisions within six months from imposing its regulations
List includes NBE, Banque Misr, CIB – Egypt
Coalition includes NBE, Banque Misr, Banque du Caire, SAIB, EDBE, Suez Canal Bank
Pound value against dollar gains over 23 piasters in March, 62 piasters since January
NBE, Banque Misr, Banque du Caire, ABE started offering certificates in March 2018
Bank ranks first among banks working in Egypt in terms of joint loans marketing, Bloomberg says
Card targets over 20 million Egyptian citizens who do not deal with banking sector: NBE Chairperson
Bank aims to be present in coming period in Milan, Seoul, Nairobi, more African countries
Deposits increase by EGP 137.1bn, while loans portfolio record EGP 222.2bn
El-Bawab serves as CEO, managing director of company, Radwan to work as head of executives, Askar as investment first officer
SMEs clients up by 32% at bank in 1 year, loans to these projects up by 131%
Bank aims to double amount in coming years by focusing on education, health, youth support: El-Etreby