Banking

The value of microfinance in Egypt grew by seven percent recording 42.7 billion Egyptian pounds during the third quarter of 2020 compared to Q2 of the same year, according to the Chairperson of the…
Read More...

The National Bank of Egypt (NBE) has acquired a 24 percent stake in Aman for Non-Banking Financial Services, in a deal worth EGP 480m.
Read More...

The European Investment Bank (EIB) has provided Egypt’s Banque Misr with a €425 million credit line to support local private small and medium-sized enterprises (SMEs) that have been affected by the…
Read More...

The Egyptian Central Bank has released its latest Financial Stability Report for 2019, which takes a deep dive into a range of risk scenarios for Egypt and how they might be managed should they come…
Read More...

Egypt is aiming to achieve a 2 percent of initial surplus to GDP ratio in the current FY2020/2021 while attaining a 6.3 percent total budget deficit, according to the Central Bank of Egypt (CBE).
Read More...

The Central Bank of Egypt (CBE) decided extending the suspension of fees on cash withdrawals from ATMs and exempting clients from fees and commissions on banking transactions in Egyptian pounds until…
Read More...

African Export and Import Bank (Afreximbank) and Egypt has discussed the bank’s current and future projects and programmes in the Egyptian market, as well as strengthening cross-border trade in the…
Read More...

The Central Bank of Egypt (CBE) also adjusted its inflation target to a range of 7% (+/- 2%) by 4Q2022, from a previous target range of 9% (+/- 3%), it said.
Read More...

The National Bank of Egypt reduced the interest rate or return on its three-year Platinum Certificates, the return of which is paid monthly, from 12 percent annually to 11 percent.
Read More...

The National Bank of Egypt (NBE) and Banque Misr agreed to provide EGP 50 million to implement The World Food Programme in 40 villages in Upper Egypt o help smallholder farmers in Upper Egypt increase…
Read More...