Banking

The Egyptian financial system succeeded in containing the repercussions of the coronavirus pandemic without prejudice to its main role, with the economy continuing to achieve positive growth rates…
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The Commercial International Bank (CIB), Egypt’s leading private sector bank, has announced its inclusion on the 2022 Bloomberg Gender-Equality Index (GEI).
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Egyptian Financial Group Hermes Holding (EFG Hermes) has received a non-binding initial offer for First Abu Dhabi Bank (FAB) to acquire a majority stake in the company's issued capital.
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African Export-Import Bank (Afreximbank) announced an investment by its development impact-oriented subsidiary; the Fund for Export Development in Africa (FEDA), into TND SA, a leading FMCG Company in…
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Banque Misr has invested $201.1 million in African Export-Import Bank (Afreximbank), of which $80.5 million is a paid-in amount in Afreximbank’s capital increase.
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Egypt’s net foreign reserves inched up to $40.980 billion at the end of January from $40.934 billion at the end of December, a central bank data showed.
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The Monetary Policy Committee (MPC) decided, Thursday to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged during its…
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Crédit Agricole Egypt, part of France’s second-largest bank Crédit Agricole, reported on Thursday a 16.62 percent year-on-year growth in net profit for 2021.
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The Egyptian Micro, Small, and Medium Enterprise Development Agency (MSMEDA) seeks to inject EGP 16.5 billion in the microfinance sector during the upcoming five years, the Head of the Central Sector…
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Minister of Foreign Affairs Sameh Shoukry, Chairperson of Banque Misr Mohamed Al-Etreby, and Chairperson of e-finance Ibrahim Sarhan witnessed the signing of a tripartite agreement between the three…
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