Banking

Egypt’s local liquidity continued its upward trend, advancing by EGP 103 billion or 1.9% month-on-month (MoM) to EGP 5.36 trillion in June, hitting its highest level ever recorded, compared to EGP…
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Arab Bank Group reported net income after tax of $182.4 million as compared to $152.1 million for the same period last year, recording a growth of 20%.
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Moody’s has affirmed Egypt’s credit rating at B2 with a stable outlook that balances the country’s “significant shock exposure” with our track record of successfully weathering volatility, the ratings…
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The Commercial International Bank-Egypt (CIB) has submitted a request to list its capital raise shares on the Egyptian Exchange (EGX).
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The Central Bank of Egypt last week approved new interoperability rules designed to make it easier for the public to deposit and withdraw money with any payment card or mobile wallet, regardless of…
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Banque Misr, Egypt’s second largest bank, and its leasing arm BM Lease have signed on Wednesday a 700 million Egyptian pounds ($44.6 million) Islamic seven-year financing deal with Bonyan for…
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The Central Bank of Egypt (CBE) has directed all banks operating in the local market to take the necessary measures to implement sustainable financing principles.The Central Bank of Egypt (CBE) has…
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Banque Misr, Egypt’s second largest bank, is studying committing 20.8 billion Egyptian pounds ($1.3 billion) in joint lending to several major sectors in the country, vice chairman Akef El Maghraby…
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 The European Bank for Reconstruction and Development (EBRD) has approved a EUR 25 million ($29.6 million) loan for Egypt's October Dry Port Company.
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African Export-Import Bank (Afreximbank) and the Bankers Association for Finance and Trade (BAFT) today announced the launch of a series of training workshops for African respondent banks to enhance…
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