Banking

The Commercial International Bank – Egypt (CIB) has launched the Instant Payment Network (IPN) through its digital channels, including internet and mobile banking, as well as the Egyptian Banks…
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Egypt’s central bank has on Thursday surprisingly  decided to keep its key interest rates unchanged for the second policy meeting in a row, confounding economists who had forecast it would raise them.
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Egypt’s President, Abdelfattah El-Sisi, has issued a decree to appoint Hassan Abdalla as an Acting Governor of the Central Bank of Egypt (CBE). 
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President Abdel Fattah El-Sisi accepted on Wednesday the resignation submitted by the Governor of the Central Bank of Egypt (CBE) Tarek Amer and appointed him as a presidential adviser, according to a…
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The Agricultural Bank of Egypt (ABE) and the Faiyum Sugar Works Company signed a cooperation protocol to finance sugar beet farmers in Fayoum governorate. The protocol represents a…
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The Central Bank of Egypt (CBE) revealed on Monday that foreign clients’ investments in local treasury bills increased to the equivalent of about EGP 157.057bn by the end of June 2022, compared to…
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Suez Canal Bank posted a net profit of EGP 267.83 million during the first half (H1) of 2022, up from EGP 240.83 million in the corresponding period in 2021
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Al Baraka Bank-Egypt’s consolidated net profits hiked by 27.9% year-on-year (YoY) during the first six months (6M) of the year, reaching EGP 783.11 million, compared to EGP 611.88 million.
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The consolidated net profits of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) climbed by 48.4% year-on-year (YoY) in the first half (H1) of 2022, reaching EGP 1.01 billion, including minority…
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Nevine Gamea — Head of the Central Microfinance Sector at the Micro, Small, and Medium Enterprise Development Authority (MSMEDA) — revealed that the agency pumped EGP 2bn in funds for micro-projects…
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