Banking

Bahrain’s Arab Banking Corporation (Bank ABC) said on Monday it has named Amr Tharwat as new managing director and CEO of its Bank ABC Egypt franchise.
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Banks operating in the Egyptian market have warned their customers of fraudulent practices that they could be exposed to as a result of disclosing their bank account data.
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The volume of Islamic banking in Egypt registered EGP 390bn in June 2021, accounting for 5.1% of the banking market share with an increase of EGP 42.4bn (12.2%) over March 2020, said head of the…
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The Housing and Development Bank (HDB) achieved profit before tax (PBT) of EGP 1.45bn during the first half (H1) of this year, compared to EGP 1.309bn in H1 2020, an increase of EGP 141m (10.8%),…
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The Commercial International Bank (CIB) – Egypt has added the Cashback credit card to the Bank’s portfolio of cards, which allows customers to receive up to EGP 500 cashback per month on everyday…
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Kuwait has agreed to extend the maturity of $2 billion of deposit it made with Egypt’s central bank and which were due to mature in April 2021, a recent central bank data showed.
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Egypt’s EFG Hermes reported a 20 percent year-on-year growth in revenues for the second quarter of the year to 1.6 billion Egyptian pounds ($101.8 million).
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Banque Misr, Egypt’s second largest bank, reported on Wednesday a 109 percent year-on-year growth in net profit for the first quarter of the year.
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The European Bank for Reconstruction and Development (EBRD) announced on Monday that it is securing a $50 million loan to Qatar National Bank ALAHLI (QNB ALAHLI)to boost small businesses and green…
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Remittances from Egyptians living abroad increased by $3.3 billion or 13% year-on-year (YoY) during the first 11 months of fiscal year (FY) 2020/2021. 
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