Latest in Banking Highlight
Latest in Banking
CIB graduates candidates from Kenya, Uganda in Credit Analyst Training programme
Training programme is in line with Bank’s strategy to expand into Africa
CBE to announce details of new presidential mortgage finance initiative soon
Proposed mortgage finance initiative to boost real estate sales
Central Bank of Egypt expected to maintain base interest rates next Thursday
Main factor affecting direction of interest rates on Egyptian pound is inflation situation during coming period, says Mohamed Abdel-Aal
Financial position of banks in Egypt approaches EGP 7trn in October 2020: CBE
Banks’ total capital reaches EGP 174.592bn, reserves EGP 314.082bn, provisions to nonperforming loans record EGP 154.853bn
CIB wins 2021 Best Trade Finance, Best Cash Management Service Providers in Egypt awards
Awards were part of annual survey conducted by Global Finance magazine, which involved banking analysts, corporate executives, tech experts
AAIB lends Libra Capital EGP 200m to finance renewable energy purchase agreements
Agreements cover design, financing, installation, and operation of solar energy stations
Egypt launches foreign exchange trading with instant settlement system on 22 March
New system shortens time frame to execute payments in foreign currencies between banks in Egypt, reduces costs
Middle East businesses eyeing better ESG encouraged to sign up to Living Business
The programme, organised by Globally, Get in the Ring and HSBC, aims to improve the sustainability of businesses by helping them deliver a significant ESG enhancement initiative.
CIB Chief Sustainability Officer joins IIF ESG Webinar Series as featured speaker
Dalia Abdel Kader discussed sustainable finance efforts in emerging markets
Banque du Caire to launch e-payment firm in support of digital transformation, financial inclusion: Chairperson
Bank has come long way in digital transformation, becoming top priority since implementing Integrated Development Strategy in 2018
Egypt’s net international reserves increase to $40.2bn in February: CBE
FX reserves increase by about $363m to $35.905bn in February
HDB reports EGP 2bn in profits over FY 2019/20 despite COVID-19
Bank managed to implement strategic plan through which it seeks to be top commercial bank, says Chairperson Hassan Ghanem
AAIB grants Redcon EGP 2.7bn loan to complete Latin Quarter project at New Alamein
Financing supports bank’s realisation of vital role played by developing new cities
Net foreign assets in Egypt banking sector up EGP 10.7bn in January: CBE
EGP 32.73bn increase in local currency deposits, foreign currency deposits rise to equivalent of about EGP 649.65bn
CIB reports consolidated revenues of EGP 25.9bn, net income of EGP 10.2bn in 2020
Q4 2020 consolidated revenue of EGP 6.58bn and net income of EGP 2.89bn, or EGP 1.75 per share, down 11% from Q4 in previous year
Mashreq Bank Egypt sees 53% increase individual digital channel users amid COVID-19: Executive VP
Bank’s online, mobile banking platform to be upgraded to modern platform focusing on unique customer experience, says Haitham Hammad
COVID-19 crisis doubled mobile, internet banking users at Bank Audi – Egypt: CEO
Bank aims to automate some procedures to apply for loans, cards through digital onboarding systems, says Mohamed Bedir
Banks would have to face winds of changes, modernize their technology infrastructure: CIB Chairperson
Future onboarding of new clients, growing customer base may be faster, less dependent on physical premises compared to previously, says Sherif Samy
COVID-19 boosted Crédit Agricole Egypt’s digitisation plans: Walie Lotfy
Bank recorded spike in customers’ use of digital services, reaching 7 million logins and over 1.2 million transactions during 2020, says Crédit Agricole Egypt Deputy Managing Director
HDB adopts ambitious plan for digital transformation: Chairperson
Housing and Development Bank continues to keep pace with CBE plans, initiatives for digital transformation, enhancing financial inclusion, Hassan Ghanem
ADCB Egypt prepares to launch package of digital services: CEO
Bank completes final preparations for second phase launch of internet, mobile banking for individuals and companies, says Ihab ElSewerky
CBE leads banking sector’s major role in supporting Egypt’s digital transformation efforts
Bankers, experts forecast e-payments will grow significantly in coming period
ADIB-Egypt looks back on success in 2020 with unprecedented 10 awards
Global recognition awarded for ADIB-Egypt’s services, initiatives, innovation and customer excellence
Fierce competition between lenders, Fintech, Big Tech marks financial services post-COVID-19
One major change in the past year has been to turn what we historically did face-to-face into an online activity: and that is using video conferencing for meetings; shopping online; restaurant delivery; day-to-day digital banking; and the list goes on.
80% of Wealth, Personal Banking customers registered online: HSBC Bank Egypt COO
Over 2m transactions performed since January 2020, representing total value of more than EGP 400bn, says Sherif Aref
Agricultural Bank of Egypt grants EGP 31bn in MSME loans during 2020
Bank allocates 70% of loans to agricultural SMEs, says Chairperson Alaa Farouk
Banks to inject EGP 117bn into MSMEs until 2022 end: CBE
Banks in Egypt required to increase financing to MSMEs to 25% of credit facilities portfolio
Suez Canal Bank’s PBT exceeds EGP 1bn in 2020
Bank pumps EGP 1.4bn into CBE’s industry support initiative
Agricultural Bank partners with Kafr El-Sheikh to support youth projects
Governorate is cooperating with ABE to set up projects in agriculture, fish, and poultry production, says Governor Gamal Nour El-Din
Bank NPLs ratio in Egypt declines to 3.4% in September 2020: CBE
Banks set aside allocations to counter doubtful debts amounting to EGP 152.999bn