Banking

Alaa Farouk, Chairperson of the Agricultural Bank of Egypt (ABE), has highlighted the bank’s efforts to support Egypt’s agricultural sector.
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The Central Bank of Egypt (CBE) launched an initiative to cancel all fees that private sector’s MSMEs bear to activate the electronic collection services via the internet (E-Commerce) till the end of…
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Egypt’s stock exchange (EGX) announced on Sunday the start of the tender offer of Banque Misr for  for buying a controlling stake in the share capital of CI Capital Holding for Financial Investments.
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Societe Arabe Internationale de Banque (SAIB) reported an 84% year-on-year (YoY) leap in its net profit in 2020, logging $20.44 million, compared to $11.1 million a year earlier, the unaudited…
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The Egyptian Financial Regulatory Authority (FRA) said it has approved Banque Misr request to acquire a controlling stake in CI Capital Holding For Financial Investments.
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Crédit Agricole Egypt, part of France’s second-largest bank Crédit Agricole, reported on Wednesday a 41.9 percent year-on-year drop in full-year profit for 2020.
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Egypt’s Banque Misr has submitted a mandatory takeover offer for a controlling stake in the share capital of CI Capital Holding for Financial Investments, the country’s market regulator announced on…
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Banque Misr approved a Shariah-compliant loan worth 1 billion Egyptian pounds ($64 million) loan for Bonyan Development and Trade Company and Porto Group, sources with knowledge of the matter told a…
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Crédit Agricole Egypt has announced the launch of the first eco-friendly contactless payment cards in Egypt, in cooperation with the German company Giesecke+Devrient (G+D).
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Tarek El-Khouly, Chairperson and Managing Director of saib Bank, has announced the bank’s ambitious 2021 plan to develop its retail banking portfolio for individual customers
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