Banking

The Arab African International Bank (AAIB) announced on Wednesday the signing of a five-year bancassurance agreement with AXA Egypt, offering enhanced, outstanding insurance services to its customers.…
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EFG Hermes has announced that its Promotion and Underwriting Sector succeeded in completing the first issuance of securitisation bonds for Madinet Nasr Housing and Development (MNHD) with a value of…
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The African Export-Import Bank (Afreximbank) and the National Bank of Egypt (NBE) have signed a memorandum of understanding (MoU) at the Intra-African Trade Fair to promote trade and investment flows…
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Emirates NBD Egypt has announced the launch of a bundle of auto lending programs. The diversified programs meet the customers’ different needs and requirements with the easiest and most convenient…
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QNB ALAHLI, the Egyptian unit of Qatar National Bank, posted a standalone net profit  of 7.452 billion pounds at the end of 2021 from 7.398 billion pounds at the end of 2020 recording a 2 percent…
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The Central Bank of Egypt has issued a circular that puts in place a mechanism under which it could in the future provide emergency liquidity to banks that request it.
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The volume of microfinance activities in Egypt increased by 40.01% to EGP 25.01bn in October 2021, compared to the EGP 17.86bn recorded a year earlier, according to a report by the Financial…
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Mobile wallets in Egypt increased by 27% year-on-year to 25 million in 2021, with 227 million transactions, almost double the volume of transactions in 2020, according to the Financial Regulatory…
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Abu Dhabi Islamic Bank (ADIB) Egypt has announced an increase in the issued and paid-in capital of the Abu Dhabi Islamic Consumer Finance (ADI-CF) — its new arm for consumer finance in Egypt — from…
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The National Bank of Egypt (NBE) announced that its pretax profit rose to 48.263 billion Egyptian pounds ($3.1 billion) in the July 2020 to September 2021 period.
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