Banking

SMEs and agriculture players are being pushed further towards the digital light with a digital platform the Central Bank of Egypt (CBE) is working to set up to provide non-financial services, such as…
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The Central Bank of Egypt (CBE) issued a decision to allow people above the age of 16 to open bank accounts without the consent of their parents or guardians.
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Egypt’s Minister of Trade and Industry Ministry and the Industrial Development Bank (IDB)  held a meeting to discuss ways to maximise financing programmes provided by the bank to develop the…
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Egyptian property developer, City Edge Developments has signed a cooperation protocol with the Commercial International Bank (CIB Egypt) for 1 billion Egyptian pounds ($63.4 million), the company said…
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EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced that it has been named Sustainability Champion by the Egyptian Financial Regulatory Authority’s…
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Bahrain-based the Arab Banking Corporation (Bank ABC) could be buying only a majority stake in Blom Bank’s Egyptian unit, local press reported on Sunday citing unnamed sources with knowledge of the…
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Nigeria’s biggest lender, Access Bank, is looking to take advantage of the new African trade agreement and make an entrance into Egypt’s banking sector, the bank said in an online presentation cited…
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The Abu Dhabi Commercial Bank (ADCB) – Egypt has reported that it achieved a 14 percent growth in its net profits at the end of 2020.
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The personal loans are at the forefront of the National Bank of Egypt’s (NBE) products, representing 77.5 percent of the bank’s total retail banking portfolio according to Vice Chairperson Yahia Aboul…
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Egyptian state-owned bank, National Bank of Egypt (NBE) revealed that its retail banking portfolio reached 123 billion Egyptian pounds at the end of December 2020, compared to 90.7 billion pounds in…
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