Banking

Abu Dhabi Commercial Bank (ADCB) has completed the sale of its 20% stake in Egypt-based Orient Takaful to Orient Insurance Company.
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The National Bank of Egypt (NBE) has launched, for the first time in the Egyptian banking market, its new electronic payment service for corporates, “B2B”, whether large, medium, or small wholesalers,…
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The volume of Islamic banking in Egypt increased to EGP 407bn in September 2021, an increase of 14.5% from September 2020.
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Commercial International Bank have approved the allocation of USD 70 mn in proceeds from its maiden green bond issuance to fund sustainable projects, the bank announced
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The Central Bank of Egypt will help fund the government’s push to reduce the amount of water used by Egyptian agriculture, announcing a multi-bn EGP program to help farmers switch to modern, more…
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Investor confidence in Egypt is showing a “marked improvement,” EFG Hermes Group CEO Karim Awad said at EFG Hermes’ Egypt Day conference yesterday.
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The Suez Canal Bank’s (SCB) business results showed an increase in the bank’s total financial position to record EGP 57bn in September 2021, compared to EGP 54bn in December 2020, achieving an…
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The net profit of saib recorded $14.167m in September 2021, compared to $13.184m in September 2020, an increase of 7%.
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The Abu Dhabi Commercial Bank – Egypt (ADCB) has collaborated with SAS Institute for data management and advanced analytics to implement Egypt’s first AI-powered fraud detection solution aimed at…
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Egypt’s EFG Hermes has officially become a universal bank after finalising its acquisition of a 51 percent stake in the Arab Investment Bank (aiBank) in partnership with the Sovereign Fund of Egypt…
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