Latest in Banking Highlight
Latest in Banking
Company targets expansion to 40 branches by year-end, 60 branches by 2020, says chairperson
Good results always push us to continue development, says Fayed
CBE receives 3 bids for United Bank, awaiting new offers
Boards of directors shall ensure banks’ plans match reliance on these companies, analyze risk associated with these services
We aim to be 1 of top 10 commercial banks in Egyptian banking market during coming period: Ghanem
Bank Audi- Egypt aims to support development of electronic payment system in Egypt by reducing dependency on cash, in addition to promoting financial inclusion: Bedeir
The bank’s total assets stood at EGP 95.86bn, up from EGP 84.44bn at the end of May 2018, rising by 13.5%.
Bank signs cooperation protocol with MFF for allocation, sale of 488 housing units in Beheira, Borg El Arab
Assembly grants board of directors right to establish branches, agencies, offices in Egypt, abroad, including Sinai Peninsula
Bank is launching its FinTech Hub, begins pilot phase in June
The company aims to build and develop programmes and systems for electronic payment and clearing operations, as well as provide and apply information technology in the field of electronic payment to enhance financial inclusion and access to the digital economy
CBE accepts 24 offers worth $715m with 3.85-3.88% interest
Group renews support to ‘Skills for Success: Employability Programme’ with AMIDEAST
Egypt’s ban of cryptocurrencies is due to be lifted, meaning companies that have the appropriate license from the Central Bank of Egypt (CBE) will soon be able to trade in cryptocurrency without fear of breaking any religious laws.
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
CIB ranks 1st with profits of EGP 2.64bn, QNB AlAhli follows, Faisal Islamic Bank in 3rd
The Fintech accelerator programme is considered the first of its kind in Egypt, and will sustain 11 start-ups, both from Egypt and abroad, to accelerate the Central Bank of Egypt’s goal of making Egypt a global FinTech hub.
Bank has achieved a net profit of EGP 701.6m up 33.7% q-o-q
Bank will continue to grow as one of most important banking institutions in Egypt, Middle East: Bedeir
Increasing focus on Egypt will see CDC appoint country representative
Elfiky has a 35-year international experience in the fields of economic and financial consulting, training, scientific research, and applied studies in Egypt, Arab countries, and the United States.
Loan extended over 5 years, expected to be disbursed starting June
Law grants CBE’s board right to issue regulation, circulation, dealing rules with such types of currencies, money
Bank can support its presence among largest financial institutions in Egypt, Middle East, says Bedir
US currency lost over EGP 1 since beginning of 2019, including 34 piasters in May
Decision comes complementary to previous efforts by CBE to support MSMEs, says Negm
Private enterprise sector denominates 60.8% of total facilities, with industry in lead
Banks such as IDB, ABE, ELAB, EBE do not fall under the specialised banks category, will not be exempted from EGP 5bn minimum capital: Negm
Bank’s financial position rose to EGP 24bn from EGP 19.7bn in 2017, up by EGP 4.3bn or 21.8%: Fahmy
Expectations for US dollar to reach EGP 16.5