NBE, China Development Bank sign $600m loan agreement
Loan to be channelled to finance working capital of NBE’s clients
Hossam Mounir
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Latest by Hossam Mounir
FX Reserves up to $44.419bn end of August: CBE
Foreign currencies up by $167m, gold down by $23m
Deposits up by EGP 11.8bn by end-July 2018: CBE
Volume amounted to EGP 3027.3bn up from EGP 3015.5bn at end of June 2018
Noticeable decline in bank deposit volumes in July 2018: CBE
EGP 4bn increase in domestic deposits, $493m increase in foreign currency deposits
Non-intervention in exchange market contributed to maintaining FX Reserves: CBE
Interest rate cut on pound supported rise in real asset prices on EGX
HDB plans to launch share of one of its companies in EGX: chairperson
CBE has not responded yet to proposal to divide activity of bank to real estate, commercial, we are looking for suitable alternatives for shareholders, says El Sebai
On 22 September 2018 Egypt will see new educational system: education minister
65 companies working to prepare 1,800 government schools to use tablets, says Shawky
Banking sector stands firmly against violating its clients’ accounts’ secrecy
CBE governors strongly respond to statements to head of ETA on legislative amendment that allow looking at accounts of financiers
EGP 24.2bn increase in banks’ investments in securities in May 2018: CBE
Deposits up EGP 10.8bn, loans grew by EGP 32bn
Most banks in Egypt performed well in H1 2018
Financial statements of 10 banks reflect significant growth in profits by end of June 2018 YOY
SMEDA renegotiates Ministry of Finance on tax incentives in MSMEs law
We are in contact with new finance minister, look forward for discussion in new parliamentary session: Gamea
SMEDA signs agreements with United Bank, ABE worth EGP 170m to finance small ventures after Eid
We aim to inject EGP 3bn to finance small and micro enterprises, says Gamea
Government launches national payment card before end of 2018: e-finance head
e-finance completes all necessary tests for card before being put under supervision of CBE
SMEDA, e-finance cooperate to develop small projects platform
Beta version well-received by concerned bodies, including CBE, says Gamea
ABE issues 168,000 Aman El-Masreen certificates worth EGP 183m in five months
Aman certificates’ outcome confirmed bank’s role in supporting state plan of financial inclusion, says Elkosayer
Beltone, HC expect CBE to keep interest rates unchanged on Thursday
Stabilized returns on debt instruments at over 18% keep them attractive, says Beltone
Domestic engines of price inflation will stabilize in the Q4 2018, then likely to see easing of monetary policy: HC
NBK – Egypt allocates EGP 30m for CSR in 2018: CEO
Bank signs a cooperation agreement with Zewail City for Science and Technology worth EGP 6.25m to finance 10 scholarships for five years
Zewail City needs EGP 4bn to complete its infrastructure: CEO
The CEO of Zewail City of Science and Technology, Sherif Sedky, said the university had developed a five-year development plan that would require funding worth EGP 5.5bn. Sedky told Daily News Egypt that the needs of the development of the infrastructure of the university amounts to EGP 4bn, noting that requires support from the state, …
Banks inject loans worth EGP 35.861bn, attract deposits worth EGP 41.5bn in April 2018: CBE
Private sector acquired 61.7% of total loans, EGP 11.4bn increase in individual loans
Foreign investments in treasury bills decline by EGP 64.8bn in May: CBE
This is not worrisome, as CBE is experienced in dealing with these investments, says Metwally
$3.84bn trade balance deficit in May: CAPMAS
Exports register $2.48bn, imports $6.32bn
Trade exchange between Egypt, world amount to $65.625bn in 9 months: CBE
Imports at $46.814bn, exports at $18.81bn between July 2017 to March 2018
United Bank, Sudanese delegation discuss enhancing cooperation between financial, banking institutions
Bank offers range of services, credit solutions, technical consultations to support Egyptian exporters internally, externally, says El Kady
ABE signs technical, structural support agreement with RIAS, SANAD
Agreement aims to benefit ABE from experiences of Dutch Rabobank in supporting comprehensive reform, development plan, says Elkosayer
Egypt’s foreign debt jumps to $88.1bn end-March: CBE
Local public debt rose by EGP 122.1bn in Q1 2018
ABK-Egypt net profits register EGP 251m in H1 2018
Egyptian economy received wide international praise, reflected positively on banking market, says CEO
Foreign Currencies in FX reserves up by $2.13bn in July, CBE
SDRs down by $1.017bn, gold in reserves drop by $54m
Procedures for exit of National Bank of Greece from Egypt did not start yet: senior official
Bank’s management in Egypt has not received any formal requests for technical examination of the due diligence of its portfolio, work is proceeding normally
ABE settles outstanding debts for 480 customers worth EGP 38m within CBE initiative: chairperson
Bank’s bad debt portfolio declined to 13% of total loan portfolio, aims to reduce it to 10% by end of 2018, says Elkosayer
CBE hosts 41st annual meeting of AACB
Meeting held for first time in Egypt, with 40 African delegations