Latest in Banking Highlight
Latest in Banking
Suez Canal Bank plans to break into retail banking, real estate finance, SME financing in its new strategy: chairperson
The bank has established 3 new departments specialised in these activities and is currently preparing its own cadres: Refaei
Tarek Metwally resigns from BLOM Bank Egypt after 31 years
Metwally was the Deputy Managing Director and Board Member
Mostadam Forum launches its fourth training course for young bankers in Egypt, Middle East
Programme will be held from 5 to 8 November 2017, discusses Equator Principles, Sustainability Report, Financial Inclusion, Socially Responsible Investments
CIB-Egypt honours first graduates of Small Business Consultants from AASBC
Commercial International Bank-Egypt (CIB) honoured the first graduating class of the SME Consultant Programme, in collaboration with the Association of Accredited Small Business Consultants (AASBC), a highly qualified and competent organisation that provides valuable consultation across the field. The SME Consultant Programme, implemented by CIB Business Banking, focuses heavily on integrating the latest educational methods …
Al Ahli Bank of Kuwait-Egypt, EFG Hermes Financial Leasing sign cooperation protocol to support SMEs
Bank is considering launching several initiatives to provide maximum support to this sector in light of economic developments and in line with the directives and initiatives of the CBE
Banks block terrorism by expanding financing for small, medium and micro enterprises
CBE believes SMEs can counter terrorism through creating jobs, reducing unemployment, says El-kholy
Banks put women’s economic, social empowerment at top of priorities
Initiatives and funding programmes for women led by the CBE in cooperation with the National Council for Women and a number of bodies and banks
3 banks contribute largest share of financing for housing loans
HDBEG contributes EGP 3.5bn to the CBE’s initiative, NBE gives EGP 2bn, and Banque Misr’ share accounts for 22.5%
NBE enables paying tax, tuition fees electronically
We are seeking to launch Debit Business Card to provide more alternatives to customers to pay government dues through the bank’s website: Hegazy
Only 33% of Egyptian adults own bank accounts: deputy CBE governor
We call on banks to cooperate with the National Council for Women to facilitate opening accounts for women, says El Khouly
Global Finance names UNB among top 10 safest banks in Middle East
The bank aims to achieve sustainable growth and to maintain strength in the face of economic changes
United Bank offers specialised technical, financing advice to Egyptian exporters
The cooperation between the bank and the General Organisation for Export and Import Control aims to provide a range of financial services to exporters, says El Kady
Egypt’s banking sector strongly supports women
The CBE is set to sign an agreement to launch “Women leading the future” program, and the banks direct a large part of their funds to women
NBE ‘ Strongest Bank ’ in Egypt, Africa in 2017: Asian Banker
Reaching that rating comes as a result of the restructuring of the sectors of the bank since 2008 and a direct result of the banking reform policies adopted by the CBE In 2004, according to Okasha
Visa Everywhere Initiative attracted Egyptian startups, innovators: Visa GM for North Africa and Levant
63% of Egyptian Millennials shop online at least once a week
SMEs represent 15% of total loans portfolio in United Bank: chairperson
We aim to take the percentage to 20% by the end of 2018 before the decided period of the CBE’s initiative ends, says El Kady
Banque Misr seeks to seal funding deals worth EGP 81.3bn in different economic sectors
The bank has arranged loans worth EGP 32.9bn in FY 2016/2017, from which several sectors benefitted, including electricity, public services, and contracting
NBE marketed, managed syndicated loans worth EGP 58bn during first nine months of 2017
The loans arranged by the bank have been directed to many strategic sectors, especially construction materials, electricity, oil, and real estate development, says Abo El Fotouh
Egyptian Arab Land Bank board begins developing its strategy for next 3 years: chairperson
The board holds its first meeting after restructuring it under the chairmanship of Amr Kamal, pledges to restore the bank to its banking and historical position, and places it in the ranks of major banks internally and externally
Egyptian Agricultural Banks signs contract with MSMEs for EGP 250m
The contract aims to finance 23,000 new and existing projects to provide 4,600 jobs in the sectors of agriculture and livestock
Banks in Egypt issue 2 million credit cards during H1 2017: CBE
The number of debit cards jumped to 17,562 million cards in June 2017, an increase of 5 million from December 2016
Banks’ profits in Egypt worth EGP 47.381bn by end of H2 2017: CBE
The five largest banks account for 69.52% of total profits, the top 10 earn EGP 38.072bn
Banks’ capital increases by EGP 128.42bn at end of June 2017: CBE
The return on average assets of banks operating in the Egyptian market reaches 2% in H1 2017, the return on average equity is 30.9%
Amer, Al-Assar, chairpersons of state-owned banks in talks about supporting Egyptian industries
Pushing local development, manufacturing top public banks’ priorities, says Amer
Attijariwafa Bank keen to take advantage of various investment opportunities in Egyptian market
We support CBE’s initiative to enable SMEs to develop their activities: Douiri
SME loans at United Bank-Egypt register EGP 1.5bn
Bank signs a new contract with the MSMEs Development Authority worth EGP 50m to finance small projects in Islamic form
Banque du Caire BoD provides account of bank performance before end of its term
El Zahid reveals the most important indicators of the bank during the period from September 2011 until the end of 2016 before leaving office
CBE announces new BoD of state-owned banks beginning of next week
Okasha for NBE, El-Etreby for BM, Fayed for Banque du Caire, Kamal for Egyptian Arab Land Bank
Banque Misr signs MoU with CDB to finance Chinese projects in Egypt
Banque Misr Vice Chairman Akef Al-Maghraby signed a memorandum of understanding (MoU) with Wang Yongsheng, vice chairman of the Chinese Development Bank (CDB) to obtain to finance Chinese projects in the Egyptian market. The agreement comes in the framework of fruitful cooperation between Egyptian and Chinese banks, particularly the CDB. It also comes as a …
Sustaining high levels of growth and investment is important for raising people’s incomes: Elwy
The government initiated structural reforms to welcome greater levels of investment and business activity