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Banque Misr launches service for credit score via ATM enquiry

Banque Misr launched a service that allows its customers to enquire about their credit score via ATMs. Mohamed El-Etreby, chairperson of Banque Misr, said that this service is part of the bank’s strategy to adopt the latest technologies in banking services to meet the needs of its clients and provide them with unique services. This …

Hossam Mounir

CBE pays 25% of credit facilitation for importers

The Central Bank of Egypt has repaid approximately 25% ($1bn) of the total credit facilitations granted by banks for importers in the past period, according to a banking official. The transaction was completed on Sunday, at a dollar rate of EGP 7.7401. The official said banks received an e-mail from the CBE on Sunday evening, stating …

Hossam Mounir