Banking

The consolidated net profits of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) jumped by 21% year-on-year (YoY) to EGP 1.45 billion in 2021, compared to EGP 1.19 billion.
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The European Bank for Reconstruction and Development (EBRD) offered development financing of 4.9 billion euros to the public and private sectors in Egypt from 2017-2022 , according to The Ministry of…
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A consortium of Gulf banks, including Saudi Arabia’s Al Ahli, UAE’s Abu Dhabi Commercial Bank and Emirates NBD, and Qatar’s Khaleeji Commercial Bank, will jointly offer a loan of $250 million to…
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The Suez Canal Bank said that it has achieved a 6% growth rate, reaching EGP 57.4bn by the end of 2021, compared to 2020’s EGP 54.4bn, according to Hussein Rifai, the Chairperson and Managing…
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EFG Hermes’ investment banking division, the leading investment banking franchise in Frontier Emerging Markets (FEM), announced the close of the first issuance, worth EGP 794 million, in Misr Italia…
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FinTech Egypt -an initiative powered by CBE- is releasing the first report of its kind that provides a comprehensive and holistic overview of the unprecedented growth that Egypt has witnessed in…
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Banque du Cairo has secured a $30 million loan from the Green for Growth Fund (GGF) to strengthen the bank’s capital base.
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Fawry Microfinance Company, a subsidiary of Fawry for Banking Technology and Electronic Payments, has provided loans exceeding EGP 1 billion since its establishment in 2018.
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Commercial International Bank (CIB), Egypt’s leading private sector bank, announced a new restructuring of its retail products and services that are offered to different segments, individuals and…
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The Central Bank of Egypt (CBE) decided this week to stop accepting documentary collection in the implementation of import operations and to work with documentary credits only.
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