Latest in Banking Highlight
Latest in Banking
The NSB’s board of directors agreed to allow Banque Misr, the National Bank of Egypt (NBE), and the Suez Canal Bank to receive subscription, purchasing, and underwriting offers for the fund.
This platform recognises the ABE’s role in the digital transformation in Egypt, Chairperson of the ABE Elsayed Elkosayer said.
In a statement to Daily News Egypt during his participation at the Euromoney conference on Monday, Galal said the bank is reviewing its budget on an ongoing basis, according to market developments and services provided.
The FRA’s plan includes proposing the appropriate legislative amendment to adopt electronic means as an approved means of notification, and deal with the entities subject to the FRA’s control
Egyptian Banks Company has completed all the technical, infrastructure matters necessary to implement electronic payment system
Banks play an important role in supporting, promoting FDI, financial inclusion
There is constant cooperation, coordination between EBI, CBE’s payment systems, IT department
‘We are contracting an electronic payment company to provide repayment of loan instalments, credit card dues electronically’
Blom Bank Egypt launches contactless payment service via credit, debit cards
Bank is moving to open branches, plans to launch a number of e-banking services in next few months
Visa seeks to expand acceptance of digital payments in Egypt in cooperation with financial institutions, Egyptian government, FEDCOC, service providers
Crédit Agricole Egypt launched banki Wallet, offering individual clients a new method for easy, secure payments
Bank is targeting to issue 2.5 million Meeza cards in three years
Bank intends to launch corporate Internet banking and mobile banking soon to reach the various customer segments and meet their needs
Largest ten banks in Egypt hold more than 81% of credit and debit cards
Investors’ shift from T-Bills to T-Bonds reflects positive change in their macroeconomic outlook of Egypt
Loan to finance 50% of new mall on Cairo-Sokhna road
CIB chief calls for early warning systems to combat financial crime on continent
A complete suite of solutions for managing foreign exchange flows, trade settlement in RMB
Budget deficit projected to decrease to 8.2%, 7.2% of GDP in FY 2018/19-2019/20, respectively
We have many ambitious goals to achieve our strategic vision, says Fayed
Government sources told Daily News Egypt that the decision was taken by the Minister of Finance, Mohamed Moeit, to unify procedures for all customs’ items.
“We aspire to be an educational ‘beacon’ for all employees in the African banking sector,” says Nosseir
Private sector accounts for 60.8% of total facilities, with industry in the lead, says CBE
Deposit growth fell to 11.34% in May from 11.46% in April
The CBE said in a recent report that these debts include $21bn of interest on paid loans and $5bn of debt services.
Banks cut interest rates amid noticeable reservation so as not to affect their liquidity in local currency
CIB chairperson reveals that the development process includes infrastructure, roads, water delivery, schools, sanitation
Yield on T-bills on Sunday’s auction dropped by 0.75-1.5%
Banks are likely to extend deposit maturity to grant long-term loans without exceeding interest risk limit set by CBE