Banking

the Central Bank of Egypt released the core set of financial inclusion indicators, which contribute to measuring the level and trends of financial services and products’ outreach to all segments of…
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Egypt’s general government gross debt to GDP ratio is expected to jump to 94 percent in 2022, up from 93.5 percent in 2021, before winding down to 89.6 percent in 2023 and then declining to 80.7…
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A non-banking Sri Lankan financial institution, conglomerate LOLC Group has acquired 100% of First Microfinance in a transaction worth EGP 80.2 mn, First Microfinance CEO and Managing Director Ahmed…
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The Central Bank of Egypt (CBE) has announced an increase of about EGP 99bn in the bank deposits in January 2022, reaching EGP 6.549trn, compared to EGP 6.450trn in December 2021.
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The Egyptian government and the World Bank (WB) meet to discuss preparations for a strategic partnership framework between Egypt and the World Bank for the period from 2023 to 2027.
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The Commercial International Bank-Egypt (CIB) has registered consolidated net profits after tax worth EGP 4.25 billion during the first quarter (Q1) of 2022, an annual jump of 48% from EGP 2.87…
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Annual headline urban inflation increased to record 10.5% in March 2022 from 8.8% in February 2022, marking the highest rate since June 2019, according to the Central Bank of Egypt.
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Finastra has announced that Egyptian state-run Banque Misr selected Fusion Trade Innovation and Fusion Corporate Channels to digitalise its financial services and attract new clients.
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Arab African International Bank (AAIB) has collaborated with Liferay, a digital platform provider, to promote the bank's digital transformation and enable its customers to have access to various…
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First Abu Dhabi Bank (FAB), the UAE’s biggest lender by assets, withdrew its offer to acquire a majority stake in Egypt’s biggest investment bank EFG Hermes, citing global market volatility in the…
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