Banking

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) on Thursday kept the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25…
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The Agricultural Bank of Egypt announced a new initiative to settle about EGP 4bn of debt in the bank, benefiting more than 45,000 customers.
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The French Development Agency (AFD) is expected to sign a new financing agreement worth around €150 million ($169 million) with three Egyptian public lenders within the first quarter of 2022, an…
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HSBC is committing EGP 3 billion of lending to support small and medium enterprises (SMEs) in Egypt to explore opportunities overseas and drive international growth through trade and expansion into…
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Crédit Agricole Egypt is increasing its issued capital by EGP 3.75 billion by distributing a total amount of 939.08 million bonus shares at a par value of EGP 4 per share.
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The board of Export Development Bank of Egypt (EBE) gave the green light for raising the issued and paid-up capital by EGP 2 billion through rights issue of 200 million shares at a par value of EGP 10…
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Egypt’s net international reserves have increased by 0.14% month-on-month (MoM) to $40.9 billion at the end of November 2021, according to official data by the Central Bank of Egypt (CBE).
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The Central Bank of Egypt (CBE) received on Tuesday bids from local and foreign investors worth $1.15bn to cover the recent tender of local treasury bills (T-bills) denominated in the US currency.
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The Central Bank of Egypt (CBE) received on Tuesday bids from local and foreign investors worth $1.15bn to cover the recent tender of local treasury bills (T-bills) denominated in the US currency.
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State-run Banque du Caire has signed a memorandum of understanding (MoU) with Tamweely Microfinance to provide microenterprises business owners with digital payment and collection services, according…
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