Banking

MIDBANK has announced the launch of “MID-GO, Go with Your Ambition”.
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Commercial International Bank (CIB), one of Egypt’s largest private banks, reported on Monday a net profit worth 7.773 billion Egyptian pounds ($410.4 million) for the first half of the year.
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The Ordinary General Assembly of the Federation of Egyptian Banks approved the results of the candidacy for membership in the Federation’s Board of Directors on Sunday.
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EFG Hermes has announced the successful close of an EGP425 million ($22.4 million) securitized bond issuance for real estate powerhouse Pioneers Properties for Urban Development and its affiliates –…
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As part of Saib’s continued efforts to implement their expansion plan in various parts of the country, the bank recently opened a new branch in Shebin Al-Koum, Menoufiya, in accordance with the new…
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Drive Finance and Non-Banking Services (GB Auto’s subsidiary) announced it has issued a corporate bond of EGP 700m the first issuance of an EGP 2bn programme with Commercial International Bank (CIB),…
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The Agricultural Bank of Egypt (ABE) has inaugurated a new business development service centre in the 6th of October City, as part of the NilePreneurs Initiative launched by the Central Bank of Egypt…
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The Central Bank of Egypt (CBE) has approved for Banque du Caire to launch the Telda prepaid card.
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The Board of Directors of the Central Bank of Somalia (CBS) agreed to issue a license to Banque Misr to operate within the country.
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The Central Bank of Egypt (CBE) has issued the new and first EGP 10 plastic banknote, which was printed in the new printing house in the New Administrative Capital (NAC).
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