Latest in Tag: Banking Highlight
Latest in Tag: Banking
Volume of domestic liquidity in banking sector increased to EGP 7.182 trillion by end of October 2022: CBE
The volume of non-governmental deposits in local currency increased to EGP 5.254 trillion, while foreign deposits amounted to about EGP 1.121 trillion
Domestic liquidity in Egyptian banking sector increases to EGP 6.808trn in August 2022: CBE
Volume of non-governmental bank deposits in local currency increased to EGP 5.128trn
Acting CBE Governor kicks off tenure with reassurance message: Egyptian banking system accustomed to overcoming challenges
This difficult stage requires concerted efforts to develop banking sector, everyone should give new CBE’s leadership a chance, says Tarek Metwally
CBE extends exemption of some banking services from commissions until end of 2022
Exemption from commissions and fees for transfers between mobile accounts and transfers between any mobile account and any bank account
Egyptian investors to provide investment banking through fintech
This represents the first practical application of the recently enacted Fintech Law in Non-Banking Financial Activities.
Volume of Islamic banking in Egypt increased to EGP 434bn in March
Faisal Bank came in first place with a turnover worth EGP 137bn
ITS discusses regulatory framework for cybersecurity in banking sector
The conference also discussed ways of cooperating with banks to provide all solutions and services that help secure their customers’ data, in addition to qualifying and training young people to work in the field of cybersecurity in various sectors.
Work underway on centralised online banking system: CBE
‘Know Your Customer’ project will enable citizens to open bank accounts online: Ehab Nasr
CBE to look into export councils’ financing difficulties from banking system
Abu Al-Makarem added that the heads of export councils demanded activating some facilities by banks, which Prime Minister Mostafa Madbouly responded to by announcing his communication with the governor of the Central Bank of Egypt (CBE) to hold a meeting during the coming period in the presence of the officials of export councils. This is to discuss financing problems of manufacturers and exporters.
Egyptian banking sector handles pandemic’s repercussions efficiently: CBE
Banks adopt special measures that result in growth of their credit, investment portfolios
Net foreign assets of banking system increase EGP 23.923bn in September 2021: CBE
Household sector accounts for 83% of total bank deposits, while private business sector receives 60.1% of credit facilities
CBE reveals most prominent indicators of financial viability in Egypt’s banking sector during 3Q 2021
Banking system records EGP 80.103bn net profits, with top 10 banks accounting for 85.9%
Banking alliance arranges syndicated loan of EGP 4bn for Electricity Transmission Company
Banking alliance consists of NBE, CIB, Banque du Caire, and NBK
Banking consortium offers EGP 962m syndicated loan to open branches of European universities in Egypt
Banking consortium is comprised of National Bank of Egypt (EGP 462m), Egyptian Arab Land Bank (EGP 300m), and Industrial Development Bank (EGP 200m)
Aman in negotiations with 4 banks to provide banking services to its clients
Company to issue 25,000 Meeza cards, aims to increase them to 100,000 cards, says Ahmed Al-Khatib
Egyptian government, banking sector take strong action to support MSMEs
National Bank of Egypt receives $100m from European Investment Bank to support SMEs
Egyptian banking sector reports net foreign assets of $17.382bn in April 2021
Foreign currency deposits rose by $1bn in April
CBE leads banking sector’s major role in supporting Egypt’s digital transformation efforts
Bankers, experts forecast e-payments will grow significantly in coming period
NBE leads banking alliance to provide EGP 2bn in financing to Oilex
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an increase in financing for Oilex, an Egypt-based international company for the extraction of multiple forms of oils.
Egypt’s banking authorities move to protect sector from 2nd COVID-19 wave
Bank extends exemptions for attending banks’ board meetings until 2021 end
Net foreign assets of Egypt’s banking sector up EGP 51.958bn in September
This came in addition to the decrease in the volume of foreign liabilities, equivalent to about EGP 19.65bn. It reached the equivalent of about EGP 704.338bn in September, compared to the equivalent of about EGP 723.988bn in August.
CIB CSO represents MENA Region at PRB UNEP-FI banking board
Dr Dalia Abdel Kader will moderate MENA session at Annual Global Round Table
Time for digital revolution in Egyptian banking system
CBE takes steady steps, initiatives to support fintech in Egypt
Allianz, CIB Egypt sign cyber insurance contract for banking services
Insurance policy between Allianz and CIB has been effective as of 1 July 2020
Digital transformation in banking no longer luxury: Credit Agricole’s Finas
After coronavirus, digitalising financial services become necessary to ensure customers’ comfort, safety, says Credit Agricole official
FEB orders obligatory mask-wearing in banks, starting next week
FEB called on citizens to abide by these procedures, so that banks can continue providing their services smoothly and safely.
Digital banking on the rise owning to coronavirus push
Allowing self-registration for e-wallet services contributes to speeding up digital transformation of financial transactions
CIB’s CVentures invests in UK’s Countingup to automate banking, accounting for small businesses
CVentures is excited at the prospect of working closely with Countingup, and we look forward to helping them achieve their vision and grow into additional markets: Director at CVentures
NBE leads banking consortium to provide €30m syndicated loan to MidElec
Hisham Okasha, Chairperson of NBE, said the arrangement of this loan comes in light of the participating banks’ strategies to provide necessary funds for energy projects in local and foreign currencies because of their importance in advancing development and supporting the Egyptian economy.
CBE highlights financial soundness indicators of local banking sector
Bank profits reach EGP 83.184bn last December: CBE