Banking

The National Bank of Egypt (NBE) and Banque Misr registered over EGP 13 billion on the first day of issuing saving certificates at an annual interest rate of 18%, according to media reports.
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The National Bank of Egypt (NBE) and Banque Misr will issue a one-year saving certificate at an annual interest rate of 18%, according to recent media reports
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First Abu Dhabi Bank (FAB) is in advanced talks with GB Auto to acquire 100% of its leasing arm GB Lease,  according to Al Shorouk reported Saturday citing sources familiar with the discussions.
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Banque Misr, the National Bank of Egypt (NBE), and Banque du Caire have launched “Nclude” fintech fund in partnership with Global Ventures, after obtaining the approval of the Central Bank of Egypt…
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In its special meeting today, the Monetary Policy Committee (MPC) decided to raise the overnight deposit rate, the overnight lending rate and the rate of the main operation by 100 basis points to 9.25…
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The Central Bank of Egypt (CBE) announced last week the most prominent financial safety indicators for banks operating in the Egyptian market in 2021.
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The Housing and Development Bank (HDB) and the Ahl Masr Foundation for Development have signed a joint cooperation protocol to complement the bank’s contributions to its support to Ahl Masr Hospital,…
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The financial inclusion rates in Egypt have increased by more than 110 percent over the past five years, rising from 27 percent in the end of 2016 to 56.2 percent by the end of 2021, according to…
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Egypt has granted funding worth around EGP 57 billion to micro-enterprises by the end of September 2021, compared to EGP 6.4 billion by the end of 2016,  according to the Deputy Governor of the…
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Egypt is “not yet” in discussions with the International Monetary Fund (IMF) over securing a new loan, the country’s Planning Minister Hala al-Saeed told Reuters.
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