Banking

Egypt’s current account deficit remained almost unchanged, recording $13.6bn in the first three quarters (July/March) of fiscal year (FY) 2021/22, despite the increase of $3bn in the trade balance…
Read More...

Import operations of finished goods have been halted completely since March after the Central Bank of Egypt’s (CBE) decision to cancel dealing with documentary collections and replace them with…
Read More...

Egypt’s international reserves went down by 0.69% or $232 million on a monthly basis in July 2022.
Read More...

Egyptian Financial Group Hermes Holding (EFG Hermes) has named Aladdin ElAfifi as the new CEO of its non-bank financial institutions (NBFI) platform.Egyptian Financial Group Hermes Holding (EFG…
Read More...

Credit Agricole Egypt has registered consolidated net profits after tax worth EGP 1.01 billion in the first half (H1) of 2022, an annual leap of 32.35% from EGP 767.09 million.
Read More...

gypt’s second biggest lender, Banque Misr has get a licence to open a representative office in Kenya, pursuing trade finance deals in East Africa and a chance to serve Egyptian firms operating in the…
Read More...

The Agricultural Bank of Egypt (ABE) achieved a significant leap in performance indicators during the first half (1H) of 2022.
Read More...

Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May 2022, the central bank said.
Read More...

The general assemblies of the National Bank of Egypt (NBE) and Banque Misr (BM) approved their financial statements of the two banks, revealing that they collectively achieved profits before taxes…
Read More...

Banque Misr, Egypt’s second biggest state-owned bank announced that it has seen 113 percent growth in net profit to 23.5 billion Egyptian pounds during an 18-month period ended in December 2021.
Read More...