Latest in Banking Highlight
Latest in Banking
CDB’s total loan commitment to Egypt reaches $5.3bn
Bank likely to inject $2bn in local market by end of 2018, says chief representative
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
Banque du Caire restructuring plan underway in full swing ahead of possible 2019 IPO
Lender set to float 30% stake by early next January aims at raising EGP 10bn
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
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
CBE keeps overnight deposit, overnight lending rates unchanged
The monetary policy committee (MPC) decided to keep the Central Bank of Egypt (CBE)’s overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 16.75%, 17.75%, and 17.25%, respectively. The discount rate was also kept unchanged at 17.25%. The CBE said in a press statement on Thursday that the anticipated …
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
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
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
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
CBE to officially launch national payment card in electronic market by end of December
10% increase in electronic payment helps rising GDP with $1.5bn: sub-governor
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
Governance is essential for banking sector to protect rights of shareholders, depositors: Suez Canal Bank head
Setting policies to ensure transparency, disclosure when dealing with CBE, FRA, says El-Refaie
CBE hosts 41st annual meeting of AACB
Meeting held for first time in Egypt, with 40 African delegations
NBE, EIB sign €375m agreement to finance Egyptian SMEs
SME portfolio amounted to EGP 44bn at end of June, says Okasha
Banque du Caire issues 36,000 Aman certificates worth EGP 38.2m: bank chairperson
There are other purchase requests under implementation worth EGP 213m, 10 bank clients won in first draw for holders of certificate, says Fayed
Five key themes of IDB launch: chairperson
We aim to overcome financial position problem, deferred losses by end of 2018, followed by increasing capital, says Fahmy
Banque du Caire decides to disburse employees’ share of profits for FY 2017
Monthly allowance of employees increased, in addition to periodic, extraordinary bonuses
IDB signs protocol with SMEDA to provide microfinance services
Bank aims to access 100,000 clients to provide jobs, curb unemployment