Banking

Egypt’s Banque Misr reported on Tuesday 40 percent increase in pre-tax profit in the financial year 2019/2020, which ended in June last year.
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State-owned National Bank of Egypt has achieved net profit before tax of 30.6 billion Egyptian pounds during fiscal year 2019-2020
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The  current  account  deficit  rose  by  66.9 percent  to record $  7.6 billion during the First Half of FY 2020/20212021 against $  4.6  billion in the  corresponding period, according to data…
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Sky Abu Dhabi Developments, a subsidiary of the UAE-based Emirati Diamond Group, has signed a cooperation protocol with First Abu Dhabi Bank (FAB) to provide mortgage finance to customers.
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Banque du Caire has opened a commercial register at one of its branches in Obour City, the first bank in Egypt to provide commercial registry services
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Suez Canal Economic Zone (SCZone) signed a long-term syndicated loan agreement with a consortium of six banks operating in Egypt.
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The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalizing regulations, CBE Deputy Governor Rami Aboul Naga revealed.
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 Banks operating in the Egyptian market have been working on increasing their capital to comply with the country’s new banking law in In the past few days.
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National Bank of Egypt's (NBE), the country’s largest state bank,  new microfinance and electronic payment arm, Al Ahly Tamkeen, has started to provide its services at certain branches in Upper Egypt.
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QNB ALAHLI, the Egyptian unit of Qatar National Bank, reported on Sunday a 5.18 percent year-on-year growth in net profit for the first quarter of 2021.
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