Latest in Tag: The Federation of Egyptian Banks Highlight
Latest in Tag: The Federation of Egyptian Banks

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.

FEB allocates EGP 18.5m to develop two schools in Helwan
Federation adopted initiative to develop informal housing areas in Cairo and Giza

FEB, FEI organise conference on transformation into non-monetary economy for 16 January
The Federation of Egyptian Banks (FEB) and the Federation of Egyptian Industries (FEI), in collaboration with the Centre for International Private Enterprise, will hold the second conference on the transformation into a non-monetary economy on 16 January 2018. The conference will be opened by Hisham Ezz El Arab, president of the FEB; Mohamed El Sewidi, …

FEB receives final notes on new banks law on Sunday
Members are approaching consent on the new law: senior banker

Banks allocate EGP 170bn to develop infrastructure of a number of areas in Cairo and Giza
The Federation of Egyptian Banks (FEB) signed a cooperation protocol with the Department of Military Works of the Armed Forces Engineering Authority and the governorates of Cairo and Giza to develop the infrastructure and boost human development in Helwan, Badrashin, and Manishiet Al Qanater. According to Hesham Ezz El Arab, chairperson of the FEB, the …

Egypt’s new “restructuring, pre-insolvency conciliation, and bankruptcy” bill
Federation of Egyptian Banks prepares a note of its remarks on the bill, which will be sent to the CBE and the legislative committee of the Ministry of Justice

FEB declares definitive rejection of applying, registering under VAT Law: board member
The federation sent a memo to the CBE, detailing the banks’ rejection to registering under VAT, in preparation to discuss the issue with the Finance Ministry, says Tantawy

FEB calls for real estate tax emption for banks holding foreclosed properties
The FEB will submit the memorandum to Tarek Amer, governor of the Central Bank of Egypt (CBE), requesting that Amer address the new Minister of Finance, according to Adnan El-Sharqawi, Deputy Chairman of the Egyptian Arab Land Bank and an FEB board member

Egyptian banks provide EGP 40m for redevelopment of downtown Cairo
Banque Misr, the National Bank of Egypt (NBE), the Commercial International Bank (CIB), and the Banque du Caire have made respective in-kind donations of EGP 10m to the project that will be carried out in cooperation with Cairo Governorate

Outgoing CBE governor honoured by FEB
Since becoming CBE governor in February 2013, Ramez faced many challenges, most notably attempts by the Muslim Brotherhood to change the operations of the institution. He worked hard to maintain the bank’s independence throughout the controversial period.