Latest in Tag: Banking Highlight
Latest in Tag: Banking
CIB’s Extraordinary General Assembly approves authorised capital increase to EGP 50bn
Assembly grants board of directors right to establish branches, agencies, offices in Egypt, abroad, including Sinai Peninsula
CBE selects its historic building in downtown Cairo as the headquarters of FinTech Hub
Bank is launching its FinTech Hub, begins pilot phase in June
Total of 43 foreign, domestic investors offer to invest $970.6m in Egyptian T-Bills
CBE accepts 24 offers worth $715m with 3.85-3.88% interest
US dollar value continues decline against EGP in banks on Monday
The US dollar lost two piasters in the Egyptian National Bank and the Suez Canal Bank, recording EGP 16.71 for buying and EGP 16.81 for sale
13 banks in Egypt score EGP 8.48bn in net profits in 1Q19
CIB ranks 1st with profits of EGP 2.64bn, QNB AlAhli follows, Faisal Islamic Bank in 3rd
UNB Egypt boasts 83% increase in profits in Q1 2019
Bank aims to increase growth rates in coming period due to its optimistic outlook on Egyptian economy
CBE governor, communications minister discuss expanding banking services in villages
Amer witnesses signing cooperation protocol to train workers of banking sector in fields of information security, data analysis, financial technology, AI
Bedeir confirmed success of negotiations to acquire Egyptian banking operations, branches of the National Bank of Greece in Egypt
Final approval by CBE is condition for transaction success
Egyptian banking sector ranks 4th in terms of assets in Arab region: UAB
NBE ranked eighth among largest Arab banks with assets worth $75.6bn
Egypt’s banking customer base “weak”, it’s not good timing for cryptocurrencies: CIB
Mohamed Farag, head of International Transactions and Digital Banking at the Commercial International Bank (CIB), described Egypt’s banking customer base as “weak”, with only 14 million customers. He explained that the country should have at least 60 million banking customers, and this low current figure is related to the banking service costs, especially in rural …
Banking coalition funds Al Sharqiya Sugar Manufacturing Company with EGP 3.1bn
Loan will be used to continue funding beet sugar factory in Al Salihiya at Sharqeya
CBE cuts interest rates by 1%
Overnight deposit rate, overnight lending rate, rate of the main operation at 15.75% 16.75%, 16.25% respectively
All banks operating in Egyptian market invited to adopt principles of responsible banking
Egyptian banking sector is strong, capable of achieving Egypt’s leadership in sustainable development in Middle East, Africa
Banque Misr issued 6.32m cards by end of June 2018
Bank aims to be present in coming period in Milan, Seoul, Nairobi, more African countries
EU strengthens CBE’s efforts on financial inclusion, banking supervision
Egyptian women’s financial inclusion also high priority, number of initiatives being implemented in close coordination with relevant stakeholders
Miza card to be activated in December: CBE Sub Governor
CBE considers issuing digital currency, says Hussein
Egyptian banking sector showed remarkable resilience, flexibility before political, economic challenges: UAB
Financial bank indicators operating in Egyptian market confirm existence of financial safety, remarkable performance durability, despite difficult operating conditions
NextGen ‘Experience Era’ mobile banking application to be unveiled
CR2 to introduce latest platform to country’s most-senior bankers at exclusive Cairo event
Banking sector stands firmly against violating its clients’ accounts’ secrecy
CBE governors strongly respond to statements to head of ETA on legislative amendment that allow looking at accounts of financiers
United Bank, Sudanese delegation discuss enhancing cooperation between financial, banking institutions
Bank offers range of services, credit solutions, technical consultations to support Egyptian exporters internally, externally, says El Kady
Governance is essential for banking sector to protect rights of shareholders, depositors: Suez Canal Bank head
Setting policies to ensure transparency, disclosure when dealing with CBE, FRA, says El-Refaie
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
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
UAB to highlight green banking in Hurghada forum
Forum will be held between 26, 28 July in cooperation with CBE, FEB
Banking experts expect economy to boom in 2018
Energy, construction, SMEs will playbiggest role in raising economic growth rates this year
Government, banking sector stress support for SMEs
NILEX is one of the most effective factors in financing these projects: Sharkawy
Banking system receives $54bn since pound flotation in November 2016
Proceeds are distributed as $25bn funding, $9bn government debt instruments investments, $20bn concessions and remittances from Egyptians abroad
CBE completes new Banking Law draft, sends it to FEB for review
Foreign exchange shortage is over as Egypt collected $45bn since flotation, says CBE Governor