Banking

Egypt’s domestic liquidity increased by EGP 97 billion to hit EGP 6.70 trillion by the end of July, according to report by the Central Bank of Egypt (CBE).
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The Agricultural Bank of Egypt (ABE) inaugurated last week its latest business development centre in Benha, Qalyubeya governorate, as part of the NilePreneurs initiative launched by the Central Bank…
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Commercial International Bank will raise interest rates on its dollar-saving certificates, to be the first private bank operating in Egypt to take this step following suit of major state-run banks;…
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The volume of external debt owed by Egypt decreased to $155.708bn by the end of June 2022, compared to $157.801bn at the end of March — a decrease of about $2.093bn, according to The Central Bank of…
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The consolidated financial statements of Qatar National Bank Al Ahli (QNB Al Ahli) showed a 22% year-on-year (YoY) increase in net earnings during the first nine months (9M) of 2022, according to a…
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Egypt’s central bank will allow new currency derivatives to unlock liquidity in the local market, making available instruments to hedge against risks to the pound currency after it drops against the…
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Within the framework of the efforts exerted on a national level to support the economic empowerment of citizens and Micro, Small and Medium enterprises (MSMEs), and in line with the Sustainable…
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The National Bank of Egypt (NBE) is adjusting the fixed interest rates on its three-year new golden USD savings certificates and the Ahl Masr USD certificates for five and seven years for new issues…
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Banks now have until 14 September 2023 to comply with the new capital requirements required by the 2020 Banking Act after the central bank agreed to extend the deadline by another year, according to a…
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Banque Misr, Egypt’s second biggest state lender, plans to launch its first digital bank in the homeland by early next year, according to its chairman
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