
Banks in Egypt hedge against COVID-19 despite Q1 profit decline
Daily News Egypt monitors profit decline of 12 banks out of 16 surveyed
Daily News Egypt monitors profit decline of 12 banks out of 16 surveyed
The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of international trade with a $10m trade facility to Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) under the EBRD’s Trade Facilitation Programme (TFP). ABK-Egypt is now one of 11 issuing banks under the TFP in Egypt. Through the facility, EBRD provides guarantees in favour …
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