Banking

The volume of funds granted by the Egyptian banking sector to micro, small, and medium enterprises (MSMEs) exceeded EGP 400bn in 2021, Mohamed El-Etreby — the Head of the Federation of Egyptian Banks…
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The Central Bank of Egypt (CBE) decided to extend the exclusion period for rice, lentils, and beans from their 100% cash cover for another year, ending 15 March 2023.
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Deputy Governor of the Central Bank of Egypt (CBE) Gamal Negm said that the bank is well aware of the importance of small and medium enterprises (SMEs) in achieving the country’s desired economic…
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The Egyptian economy has shown resilience in the face of the crises that have swept the entire globe over the past two years, affirmed Vice President for Policy and Partnerships at the European Bank…
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EFG Hermes Corp-Solutions, a leasing and factoring subsidiary of EFG Hermes Holding, announced on Wednesday that it has signed a sale and leaseback agreement amounting to EGP 600m with LMD to finance…
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The Commercial International Bank (CIB) – Egypt has issued the first Ecological Footprint report in Africa, aiming to support the state’s transition to a green economy.
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The Central Bank of Egypt is now focusing efforts on launching "Know your customer" program, which enables people to open bank accounts online, according to Assistant Sub-Governor of the Central Bank…
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Misr Italia Properties is looking to issue securitisation bonds worth EGP 700 mn during 4Q2022, Al Shorouk quoted CEO and Managing Director Mohamed Hany El Assal as saying.
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Egypt’s banks processed 1 bn electronic transactions in 2021 worth a total of EGP 2.8 tn, said the Central Bank of Egypt’s Sub-Governor for Payment Systems and Business Technology Ayman Hussein,…
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The volume of Islamic banking in Egypt amounted to EGP 429bn in 2021, with a growth rate of 17.4%, according to a report from the Egyptian Islamic Finance Association (Eifa).
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