Latest in Tag: Banking Highlight
Latest in Tag: Banking
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
Banking sector to rise up for supporting SMEs
EGP 101bn finances granted from banks to this sector so far, says Amer
HDB awaits CBE approval to separate real estate activity from banking business
We aim at becoming a commercial bank practicing banking business only and transferring investment activity to a company owned by the same shareholders: Sebaey
Reform measures taken in 2016 to positively reflect on performance of economy, banks in 2017: El-Damaty
Payment of temporary facilities obtained by customers in foreign currency is the most prominent challenge facing the banking sector
CBE prints EGP 200m worth of EGP 1, EGP 0.5 banknotes
The bank said in a statement on Thursday that it has printed EGP 100m of EGP 1 banknotes and EGP 100m of EGP 0.5 banknotes
Largest 10 banks acquired 72.11% of total deposits until September 2016: CBE
The share of the largest five banks of total deposits reaches 58.9%; government banks are at the top
Banque Misr records EGP 5bn increase in banking portfolio during last FY
The bank spent more than EGP 40bn on salaries transferred from public and private sector companies
I expect stability in the foreign exchange market by early 2017: prominent banker
No state in the world has entirely floated its currency without facing fluctuations, but it then soon returned to stability after a period of three months to a year, says Abdel Aal
5 banks in Egypt account for 71.47% of banking sector’s total profits as of June: CBE
The sheer capital of banks amounts to EGP 100.72bn, with the top 10 banks acquiring 55.9%
EU banking reforms coming to an end
Eurozone banking supervisor Daniele Nouy is worried about high levels of non-performing loans (NPLs) on eurozone banks’ balance sheets. Guidelines on how banks should deal with their NPL burdens are in development.
Would shutting down exchange companies solve the US dollar crisis?
Opponents to the proposal point to the companies’ role in securing hard cash to non-bank customers, and claim that controlling them is easier than chasing traders on the streets
IMF loan best solution for Egypt at the moment: banking leaders
Egypt needs this particular loan in light of the suffering economy, says El-Qosayer
Foreign cash flow must be transferred to banking sector via EGX due to US dollar crisis
Recent amendments aim to keep up with the economic conditions and not restrict investors, says EFSA chairperson
UAB reviews banking risks in de-Risking Forum
The Union of Arab Banks (UAB) will hold a de-Risking Forum entitled “Enhancing the Supervisory and Regulatory Frameworks Related to Correspondent Banking—de-Risking” from 19 to 21 August at the Grand Rotana Hotel in Sharm El-Sheikh. The UAB explained that this forum will shed light on the key challenges that are currently facing Arab and correspondent …
Italian banks battered after ECB warns MPS about bad loans
The financial crisis is coming back to roost in Italy after warnings about Banco Monte dei Paschi di Siena’s massive amount of non-performing loans caused Italian banking shares to plumb new depths.
Banking sector provides $33.7bn to cover needs of state, importers in 7 months: CBE’s Governor
Amer demonstrates with Al-Sisi the CBE’s efforts to support foreign exchange reserves and banks’ role to alleviate foreign currency crisis in the market
Despite insecurity, the banking sector remains stable: Moody’s
Moody’s did not upgrade Egypt’s credit rating, but gave a positive outlook owing to stable short- and medium-term indicators
Banking expert warns against further EGP devaluation, unless CBE is prepared
The CBE should have enough dollar liquidity to control the market, otherwise the dollar exchange will jump commensurately, says Abdel Aal
Banking representatives gather in Khartoum for financial inclusion forum
Funding provided to SMEs, risk management departments, inclusive technology among forum’s principal recommendations
As accusations mount, bankers deny overlooking contracting sector
NBE directs approximately EGP 34bn to this sector, or 15% of the bank’s total loans portfolio, says deputy chairman
CIB-Egypt launches innovative digital products, aims to attract more new customers during 2016
CIB puts simple conditions on opening accounts for youth to attract them to the banking sector
Banking intermediation credit to private sector at 32% until 15 September
The overall share of funds to SMEs in the loans portfolios of banks operating in Egypt is 5%, says Dcode report
11.6% increase in assets of Egyptian banking sector during first 9 months of 2015: UAB
Regulatory actions taken by CBE s capable of protecting Egyptian banking sector from risks during 2016, says report
Visa partners with Cairo ICT to showcase its financial inclusion efforts
Visa, a global payments technology company, announced its partnership with Cairo ICT, the largest communications and information technology conference in Egypt, to showcase how innovation is driving financial inclusion around the world
Banking leaders hail Amer’s appointment as right step
This is due to his wide experience in managing the monetary policy and the exchange market which he gained during his tenure as deputy governor of the CBE, according to banking leaders in statements to Daily News Egypt.
EBRD loans NBK – Egypt $50m to finance SMEs
The loan contract was signed on Thursday by Managing Director of NBK – Egypt, Yasser Hassan, and EBRD Director for Egypt, Philip ter Woort.
FEB spreads banking awareness among students: El-Etreby
El-Etreby added that the FEB has adopted an initiative under the name of “You must have a bank”, with support from the Central Bank of Egypt (CBE)
CBE conducts survey to determine financial excluded
Study aims to identify the reasons of financial exclusion, as well as to reach a national strategy to apply the concept of financial inclusion, says Mai Abol Naga
United Bank-Egypt appoints new acting chairman until end of 2015
Ashmawy concluded his work at the bank on Monday after nine years as Chairman of United Bank, and began his task in managing the “Tahya Masr” account on Tuesday.
14 direct benefits for Egyptian economy due to Suez Canal projects: Banking expert
Banks should exert more effort to support development instead of focusing on financing budget deficit, says Ezz El-Din Hassanin