Banking

EFG Hermes’ leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with Misr Italia Properties to refinance its Garden 8 Mall in New Cairo, EFG Hermes Corp-Solutions announced…
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Banque Misr was ranked as the top lead arranger for syndicated loans in Egypt in 9M2021, according to a Bloomberg league table, the bank said in a press release (pdf).
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The National Bank of Egypt (NBE) is also out with a statement on its 9M performance in the syndication market, saying in a press release (pdf) it was ranked third as facility agent, fourth as…
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HSBC Egypt announced the launch of HSBC Evolve platform, granting corporate clients access to a fully integrated and customisable FX trading execution journey, from pre-trade through to post-trade, in…
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Attijariwafa Bank Egypt reported a 65 percent growth in net profit after tax for the first six months of the year.
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Egypt’s net foreign reserves rose to $40.825 billion at the end of September from $40.672 billion at the end of August, a central bank provisional data showed on Monday.
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The Central Bank of Egypt (CBE) has amended some of the conditions of its mortgage finance initiative for middle-income people issued in December 2019.
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EFG Hermes announced a strategic cloud partnership with Microsoft to accelerate its digital transformation and enhance innovation in the financial services industry.
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The Egyptian Banking Institute (EBI), the official training arm of the Central Bank of Egypt (CBE), announced its achievements for fiscal year 2020/21, confirming its commitment to develop and train…
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Deposits in the local currency at banks operating in Egypt increased to EGP 4.153trn in August 2021, compared to EGP 4.069trn in July 2021, according to the Central Bank of Egypt (CBE).Deposits in the…
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