Latest in Banking Highlight
Latest in Banking
Egypt’s external debt reaches 35.1% of GDP at end-2018, but still within safe limits: CBE
Saudi Arabia is Egypt’s top lender with total debt of $8.7bn
Nasser Social Bank achieves unprecedented profits of over EGP 1bn end-June
Bank profits grow 47% year-over-year, says Farouk
Egypt Hosts Annual Workshop in field of money laundering, terrorism funding
Hosting this workshop confirms state’s keenness on supporting efforts to face challenges in Middle East, Africa: CBE
New role, form for ABE in coming period: ElKosayer
Bank embarked on comprehensive restructuring, development process based on extensive support received from CBE
NBE holds 29% of deposits, 21.2% of retail loans in Egyptian banking sector
Bank achieved 17% growth in deposits to EGP 1.186bn end-June 2019, retail loans to EGP 73bn, says Aboul Fotouh
NBE finances first phase of Roxy hydraulic parking garage by EGP 162m
Transportation projects among NBE’s top funded sectors, says NBE’s Sherif Riad
Faisal Islamic Bank of Egypt registers EGP 1.376bn in profits in H1of 2019
Total assets of bank increased to EGP 97.289bn end-June, up from EGP 85.902bn in June 2018
Bank deposit growth slows to 11.46% in April from 11.85% in March
DNE sheds light on key performance indicators of banks operating in local market in April 2019
I-Score to sign cooperation protocol with Ministry of Justice to provide bankruptcy data
Company signed cooperation protocol with ITDA to automate commercial register customers bank query
Banque Misr opens 2 BDS centres in Sadat, Damietta cities
New centres’ locations selected as per Egypt’s investment opportunities map
NBE’s mortgage finance portfolio exceeds EGP 7bn end-June
CBE’s initiative beneficiaries reach 68,000 this June, up from 38,000 in June 2018, says Okasha
NBE SME’s portfolio reaches EGP 65bn end-June
Bank opens 1st specialised centres in business development services in Al-Yasmeen branch
Banks’ credit facilities see EGP 242.6bn rise in 10 months: CBE
Deposits up by EGP 1bn only as non-governmental deposits drop
Banque Misr allocates EGP 13bn for MSMEs in FY 2018/19
Bank signs cooperation protocol with universities to provide workspaces for entrepreneurs
Capital re-flows into EMs starting Q1 of 2019, 11 months after fleeing: CBE
Direction of capital flows depends on outlook for economic activity rate of growth, development of global trade tensions
Net consolidated profits of QNB end of June 2019 reach EGP 4.217bn
Bank accounts for 7.82% of loans, 5.17% of deposits in Egyptian banks by end-March 2019
CBE to discuss interest rates on Thursday
Expected rise in inflation means CBE likely to keep interest rates unchanged for 3rd time in 2019
CIB achieves EGP 5.355bn net profit during H1of this year
Bank’s Capital Adequacy Ratio reached 25.82% by end of June 2019
Council of Arab Central Banks Governors to convene in Cairo by mid-September
Meeting will discuss regional and international monetary, financial, and economic developments
Beltone expects CBE to keep interest unchanged
Investment bank expects inflation to temper at 13.3% in Q3 of 2019
IDB launches its 1st savings vessel product
Bank managed to increase its retail banking portfolio to EGP 1.4bn in 2 years: Fahmy
CBE launches service for instant bank account inquiry of deceased customers
Bank signs agreement to discuss situation of vehicles purchased by credit facilities
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
Gold in FX reserves up by $69m in June 2019
FX reserves increased to $44.352bn end of May: CBE
Government intends to borrow EGP 522bn in Q1 of FY 2019/20
Ministry of Finance offers T-Bills, Bonds worth EGP 200.5bn in July, EGP 160.75bn in August, another similar figure in September
CBE confirms strength of banks’ financial positions by end of 1st quarter of this year
The CBE noted that banks secured provisions of 98% of total NPLs at the end of March 2019. The ratio reached 100% at the 10 and five largest banks.
Banks operating in Egypt post net profit of EGP 39.29bn end-March
Top 5 banks denominate 74.48% of profits, top 10 account for EGP 33.32bn of profits, says CBE
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
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
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