Banking

Egypt’s local liquidity rose by EGP 53 billion i.e 1% month-on-month (MoM) to EGP 5.184 trillion in April, hitting its highest level ever recorded, according to data released by the Central Bank of…
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The Agricultural Bank of Egypt’s (ABE) loan portfolio increased by EGP 12.5bn from March 2020 to April 2021 to reach EGP 46.371bn, the bank’s Chairperson Alaa Farouk has revealed.
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Egypt is set to receive the final $1.6 billion tranche of its International Monetary Fund (IMF) standby loan before the end of next June, Finance Minister Mohamed Maait told local press.
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Egypt’s current account deficit climbed to $7.6 billion in the first half (1H) of the current FY2020/2021 — from July to December 2020 — up from $4.6 in the same half of FY2019/2020, according to data…
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The National Bank of Egypt (NBE) has signed a cooperation protocol with the Egyptian Countryside Development Company (ECDC) to finance investors benefiting from the national project to reclaim,…
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Global economic activity continues to show varying paces of recovery across countries and economic sectors, as the impact of the COVID-19 pandemic continues to weigh on the outlook, according to the…
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S&P Global Ratings (previously Standard & Poor's), an American credit rating agency, affirmed its 'B/B' long- and short-term foreign and local currency sovereign credit ratings on Egypt with a…
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The National Bank of Kuwait – Egypt (NBK Egypt) has seen a net profit of 404.11 million Egyptian pounds during the first quarter (Q1) of 2021, slightly up from 402.7 million pounds a year earlier
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Egypt’s keenness to back the Afreximbank’s efforts to support the African continent amid the novel coronavirus (COVID-19) pandemic has been affirmed by Minister of Finance Minister Mohamed Maait
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Egypt’s net foreign reserves slightly rose to $40.343 billion at the end of April from $40.337 billion at the end of March, a central bank data showed on Wednesday.
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