Banking

The Abu Dhabi Commercial Bank – Egypt (ADCB) has announced its business results for the first quarter (1Q) of the current year 2022, as net profits rose by 68% on an annual basis to reach EGP 286m.
Read More...

The Housing and Development Bank (HDB) won World Business Outlook ‘Most Reliable Mobile Banking Service Provider in Egypt Award’ and ‘Most Reliable Internet Banking Service Provider in Egypt Award’…
Read More...

The Central Bank of Egypt (CBE) will not hesitate to take the measures it deems appropriate to curb inflation, CBE Governer Tarek Amer.
Read More...

Egypt’s central bank Governor Tarek Amer said on Wednesday that talks with the International Monetary Fund (IMF) were advancing.
Read More...

HSBC announced that it launched a Female Entrepreneur Fund that will provide $1bn in lending to female-owned businesses over the next 12 months in 11 markets, including Egypt.
Read More...

The Central Bank of Egypt (CBE) announced that is joining the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) — one of the most important bodies specialised in the…
Read More...

Egypt is negotiating with the International Monetary Fund (IMF) on a new cooperation programme to support the country's comprehensive economic reforms and an agreement is expected to be reached within…
Read More...

 The consolidated net profits of Export Development Bank of Egypt (EBE) jumped by 139% year-on-year (YoY) to EGP 301.89 million in the first quarter (Q1) of 2022 from EGP 126.23 million, including …
Read More...

Credit Agricole Egypt recorded a 29.86% year-on-year (YoY) increase in the consolidated net profits to EGP 491.54 million in the January-March period of 2022 from EGP 378.52 million, according to the…
Read More...

The National Bank of Egypt (NBE) — as the first major arranger and financing agent — led a banking alliance to provide long-term syndicated financing totaling EGP 12.5bn for the Canal Sugar Company.
Read More...