Latest in Banking Highlight
Latest in Banking
HC expects banks to remain profitable on higher non-interest income, normalised NIMs
Resilient NIMs on sound liability management
CBE reveals several important indicators of performance of banks during Q1 2018
More than EGP 39bn increase in volume of deposits, EGP 85.2bn in loans
Defaulting clients visiting government banks to settle their debts
Initiative benefits 1,635 companies,17,000 individuals in NBE with total debt of EGP 700m, says Aboul Fotouh
Al Ahly Exchange branches increase to seven
NBE aims to expand aggressively in non-bank financial activities, says chairperson
ABE, Ministry of Irrigation sign joint cooperation protocol in field of funding modern irrigation projects
Bank will fund these projects within framework of its role in achieving rural, agricultural development
Inauguration ceremony, first council meeting of China-Arab Countries Inter-Bank Association led by NBE, CBD
Establishment of association marks a new milestone in relationship between China and member Arab countries, will efficiently lead to advancement of Belt and Road Initiative, says Aboul Fotouh
Best credit cards for online shopping 2018
Today, every single thing we do is in some way or the other dependent on the internet.
Total credit facilities by banks increased by EGP 123.2bn in nine months
Industry alone received 25.2% of total credit granted by banks to non-governmental economic activities, states CBE
Does Egypt need more external borrowing?
Egypt’s lack of control over foreign debt could cause negative pressure on its credit rating in future, says Standard & Poor’s
All investigated transactions are correct, allegations are unfounded: CIB
The Commercial International Bank (CIB) released a press statement on Saturday stating that after the bank conducted a comprehensive internal investigation, they found that all banking operations within the bank were carried out in accordance with the banking procedures and rules. Moreover, according to the statement, all objected transactions were examined and found correct, and …
IDBE signs cooperation protocol with MFF to increase its share in CBE’s initiative to EGP 1bn
Bank funds 5,220 clients with EGP 529m within initiative, says Fahmy
Al Baraka Banking Group puts Egyptian market at top of its priorities: CEO
Bank celebrates opening of its new headquarters in 5th Settlement
SMEDA funds selling points vehicles project with EGP 160m
Project provides 2,000 opportunity for youth in cooperation with Ministry of Supply, National Bank of Egypt
41.2% increase in remittances from expatriate Egyptians in April 2018
Total remittances reach a record level of $26bn from July 2017 to April 2018
NBE participated in arrangement of loans worth EGP 58.5bn in H1 2018
Bank is ranked first in Egyptian banking market in syndicated loans according to Bloomberg’s international assessment
Limited-income mortgage finance portfolio at NBE reaches EGP 3.6bn
We are studying 10,409 files worth EGP 1.1bn, with plans to boost portfolio to EGP 3.7bn, says Aboul Fotouh
United Bank intends to settle EGP 500m worth of bad debts within CBE initiative
We do a comprehensive inventory of our defaulting customers, study reasons for their failure, then settle with those who meet terms, conditions of initiative, says El Kady
Banks invested EGP 650bn in T-bills until end of March 2018: CBE
Government banks invested EGP 333bn, private banks invested EGP 279.8n, foreign banks invested EGP 26.1bn, and specialised banks invested EGP 11.1bn
IDWBE injects EGP 675m to deliver gas to 375,000 residential units
Bank signs three contracts with Cairo Gas, Sinai Gas, PetroTrade
Governmental banks start receiving defaulting clients’ requests to settle debts in implementation of CBE initiative
Initiative benefits companies whose debts are less than EGP 10m, individuals without credit card debts
Balance of payments records $11bn surplus between July, March in FY 2017/18: CBE
Egypt’s overall balance of payments (BOP), which measures Egypt’s dealings with other countries, recorded a surplus of $11bn in the first nine months of fiscal year (FY) 2017/18 (July 2017 to March 2018), according to the Central Bank of Egypt’s (CBE) report issued on Thursday. According to the report, the current account continues its improvement, …
CBE launches initiative to settle debts of 3,500 companies, 337,000 individuals
Initiative to benefit NBE, Banque Misr, Banque du Caire, Export Development Bank, EALB, ABE, UBE, IDWBE clients
CBE to launch innovation support fund worth EGP 1bn in H1 2019: CBE deputy governor
Banks injected EGP 85bn to fund SMEs within CBE’s initiative thus far, says Helal, Increase in EG Bank customer base to 200,000 thanks to new strategy adopted to support young people, says Assar
HC Securities expects deceleration of annual inflation, MPC to keep interest rates unchanged
Recent decision to hike fuel costs was by market, despite not announcing rates, timing, says Saada
Deposits up EGP 52bn, loans EGP 27bn end-February: CBE
Banks’ investments in stocks, bonds down EGP 37bn
Banque du Caire signs cooperation protocol with Minya to promote, market assets
Joint working mechanism being discussed between Banque du Caire, Minya to provide various banking services to governorate’s residents, says Fayed
UAB to highlight green banking in Hurghada forum
Forum will be held between 26, 28 July in cooperation with CBE, FEB
CIB first Middle East institution to be included as case study in London Business School curriculum
The London Business School announced the inclusion of Commercial International Bank – Egypt (CIB), Egypt’s largest private sector bank, as part of its successful business models. The bank is the first institution in the Middle East to be incorporated into the curriculum of the London School of Business Leadership Institute, one of the top five …
Egyptian banks’ aggregate financial position breaks $5tn end-March 2018: CBE
EGP 24.376bn total profits in market, top five banks account for 64.875%
IDWBE SMEs portfolio registers EGP 2.6bn
We managed to finance 70,000 clients, link gas to 92,000 residential units in three governorates, says chairperson