Latest in Banking Highlight
Latest in Banking
National Project for Saving for Future Apartment is a main tool of HDB to achieve financial inclusion: Sebaey
Fathi Sebaey, chairperson and managing director of the Housing and Development Bank (HDB), said that the bank is always keen to sponsor and develop the National Project for Saving for the Future Apartment, which is being implemented in cooperation with the Ministry of Education, making it one of the bank’s main tools to achieve financial …
Establishment of Financial Inclusion Unit to support, strengthen financial inclusion in Egypt: Bassiouny
Khaled Bassiouny, general director of the Financial Inclusion Unit at the Central Bank of Egypt (CBE), said that the objective of establishing this unit and its subordination to the CBE governor in person is to support and enhance the financial inclusion in Egypt. The CBE recently set up a financial inclusion unit and appointed Khaled …
Negm reveals CBE’s efforts for achieving financial inclusion in Egypt
Financing SMEs, limited and middle-income people housing were the most important CBE initiatives
CBE obliges banks to not deal with more than 7 exchange bureaus
Banks and companies granted 4-month transition period to adjust, says Negm
Arab Investment Bank participating in financial inclusion
Hany Seif El Nasr, chairperson of the Arab Investment Bank, assured that the bank is strongly participating in the initiative through its presence in recreational clubs, distributing flyers on financial inclusion, and introducing a number of products that fit all segments of society, along with opening bank accounts free of administrative fees and exempted from …
Aman for electronic payments aims to expand solutions to banking and financial sector in 2017
Raya expects a leap in payments via mobile phone services mid-month
E-payment companies can contribute to spreading banking services: Fawry CEO
The adoption of an integrated network between the Civil Status Authority and other government agencies will allow opening bank accounts without going to banks, says Sabry
Bee to provide its services to MasterCard holders
Technological infrastructure suitable for the transformation to financial inclusion, says Abu Khadra
Electronic payment companies rely on National Council for Payments to play larger role
Electronic payment companies are relying on the National Council for Payments to set new rules that organise the electronic payment market in order to offer new services. This will allow the electronic payment companies to play a larger role with banks within the state’s plan to achieve financial inclusion. Electronic payment companies help banks spread …
EBI organises 9th annual conference on enhancing financial inclusion in Egyptian banking sector
Institute also completes initial draft of the National Strategy for Financial Education
Can banks achieve financial inclusion in Egypt?
CBE establishes special unit to support efforts in this matter, headed by Bassiouny, supervised by Abulnaga
Banks, companies, authorities have to work together for financial inclusion: ALEXBANK CEO
“Egyptian banks are qualified to support the achievement of financial inclusion”
To achieve financial inclusion, we first must reach a phase where clients can dispense with visiting branches: El-Bassiouny
Establishment of HDB aimed at enabling those without bank accounts to obtain housing and banking services
Banque Du Caire serves more than 3.8 million customers
The bank gives great attention to micro finance and SMEs, says Soliman
Financial inclusion needs strategic vision and government support: Visa director in Egypt
Egyptian government is striving to spread financial inclusion and is taking concrete steps to achieve this, says Mahfouz
Lack of financial inclusion impedes economic growth: UNB-E vice chairperson
“Public and private sectors should work together based on a well-studied plan to achieve financial inclusion in Egypt”
EAB is most capable bank for achieving financial inclusion: chairperson
We have 1,210 branches, equivalent to about 27% of the total number of bank branches in Egypt, and we can reach about 40-50% of the total number of citizens, says El-Kosayer
Attijariwafa Bank to announce work plan in Egyptian market after acquisition of Barclays-Egypt
The EGX has announced the sealing of the deal, worth $494.997m, on Tuesday
NBE accounts for 18% of total syndicated loans arranged in Africa
Bloomberg places NBE first in Egypt and other African markets for arranging marketing and managing syndicated loans during Q1
Bank Audi Egypt launched youth products during Financial Inclusion Week
Increasing financial inclusion eliminates informal economy, says Fayed
Banque du Caire opens 5,200 new accounts during Financial Inclusion Week
The bank’s staff took to more than 75 locations, including universities, clubs, youth centres, and shopping centres
EAB attracts EGP 55m deposits in Financial Inclusion Week
The bank also attracted 7,500 new clients during the week
Development of technological infrastructure of EAB costs EGP 1bn
The development process may extend to about 3 years, and the bank aims to provide the best modern banking services for Egyptian farmers, Elkosayer said
Suez Canal Bank appoints Hussein El-Refaie as new chairperson
The new board will hold its first meeting within days to discuss the bank’s strategy over the next three years amid expectations of achieving profits of EGP 1bn by the end of 2017
The Suez Canal Bank organises workshops and seminars for business associations to familiarise them with financial inclusion
The corporate communications manager at the Suez Canal Bank, Nour Elzeny, said that the bank participated in the CBE’s financial inclusion initiative through organising a number of activities that promote the initiative among large segments of society and maximise attracting new clients. She explained that the bank supported the “Bank Account for Every Citizen” campaign, …
EG Bank holds workshops for youth on financial inclusion
In line with the CBE’s directive, which aims at enhancing the level of financial inclusion in Egypt, EG Bank organised a workshop at Cairo University to raise awareness among the youth on the importance of financial inclusion. The workshop educated the youth on how they could benefit from the financial products offered by official financial …
Investors welcome economic reforms in Egypt: CI Capital
CI Capital arranged one-on-one investor meetings for the Egyptian Finance Minister Amr El-Garhy in London on 26 April. Several meetings were held and attended by El-Garhy, alongside global fund managers who manage assets totalling $3.7tn. CI Capital stated that the positive outlook of investors on Egypt was strengthened by the economic reforms currently undertaken, illustrating the …
BLOM Bank Egypt present at schools, universities, clubs
BLOM Bank Egypt is participating in the Financial Inclusion Week events this year to stress the importance of financial inclusion and expand the base of the bank’s clients. The bank highlighted its role in establishing the principle of financial inclusion, through its presence in a number of universities, schools, and clubs in various Egyptian governorates …
Egypt not expected to issue dollar bonds before 2018: BNP Paribas
Minister of Finance told CBC on Saturday that Egypt is considering launching bonds worth $1.5-$2bn within weeks
UNB Egypt signs cooperation protocol with Dar El Maaref to raise awareness of financial inclusion
Union National Bank (UNB) Egypt signed a cooperation protocol with Dar El Maaref to raise the awareness of financial inclusion in general and among youth in particular. This cooperation includes several initiatives aimed at upgrading youth knowledge of financial inclusion and its importance to individuals and institutions, as well as its role in achieving economic …