Banking

The Central Bank of Egypt (CBE) has announced that the country’s foreign debt increased to about $125.3bn in September 2020. The figure reflects a 1.5% hike, equivalent to about $1.8bn, compared to…
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Loans provided by banks in Egypt, excluding the Central Bank of Egypt (CBE), increased by 1.09 percent recording 2.38 trillion Egyptian pounds at the end of October 2020, compared to 2.36 trillion…
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Egypt’s AlexBank announced on Tuesday that it made profits before tax worth up to 3.178 billion Egyptian pounds ($202.1 million) during 2020 versus 4.443 billion pounds a year earlier.
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Abu Dhabi Commercial Bank (ADCB) has appointed Cl Capital lnvestment Banking as its financial advisor to organise the sale of its 51.54% stake in Alexandria Medical Services - Alexandria New Medical…
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The Central Bank of Egypt’s (CBE) board of directors approved the rules regulating the multicurrency real-time gross settlement (RTGS) system.
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MIDBank, formerly known as Misr Iran Development Bank, reported a 165% year-on-year (YoY) surge in its net profits, logging EGP 303 million in 2020, compared to EGP 114 million in 2019, the bank’s…
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African Development Bank (AfDB) announced allocating a $2 million grant to establish the African Cybersecurity Resource Centre (ACRC) for Financial Inclusion, for the sake of tackling cybercrime…
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The Housing and Development Bank (HDB) has achieved EGP 2bn in combined profits after taxes during fiscal year (FY) 2019/20, despite the repercussions of the novel coronavirus (COVID-19) pandemic.
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Egypt’s net foreign reserves inched up by $100 million to $40.200 billion at the end of February from $40.100 billion in January, the central bank said in a statement on Sunday.
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Forbes Middle East has released its first annual "Top CEOs in the Middle East" ranking; the list includes N0ational Bank of Egypt’s Executive Chairman
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