Banking

Banque Misr offered 15,620 non-financial services to around 8 thousand projects and entrepreneurs in 2021, head of the SMEs department at the bank said Saturday.
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African Export Import Bank (Afreximbank) has concluded a landmark 10-year, dual tranche facility of €200 million and US$166 million for the Government of Uganda. The transaction was structured using…
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The British bank Standard Chartered announced last week that it had obtained the initial approval from the Central Bank of Egypt (CBE) to establish a branch in Egypt, replacing its current…
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The Central Bank of Egypt (CBE) has given preliminary approval for Standard Chartered to enter the Egyptian banking sector, CBE deputy governor Gamal Negm told state-owned Middle East News Agency…
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The Egyptian Federation for Financing Medium, Small, and Micro Projects (EFFMSMP) — under the auspices of the Central Bank of Egypt (CBE) — will organise a three-year programme to raise the efficiency…
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Abu Dhabi Commercial Bank – Egypt (ADCB) has announced increasing its capital to EGP 5bn, thus complying with Law No. 194 of 2020 that stipulates that the minimum capital for banks operating in the…
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The Central Bank of Egypt (CBE) announced a remarkable increase in bank deposits by around 114 billion pounds at the end of October to reach 6.191 trillion pounds against 6.077 trillion pounds in…
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EFG Hermes Pakistan, a subsidiary of EFG Hermes Holding, announced today that it has been named Best International Brokerage Firm in Pakistan for the first time in the 32nd annual Asiamoney Brokers…
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Egypt’s annual urban inflation increased to 5.9% in December 2021 from 5.6% in November 2021, according to a report released by the Central Bank of Egypt (CBE).
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Egyptian banks’ Viability Ratings (VRs) could come under pressure if the banks’ foreign assets continue to drop, Fitch Ratings said in recent report
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