Feature CBE: Egyptian banking’ net profit records EGP 283.4b in ’23 Yomna Yasser Mar 18, 2024 0 The Egyptian banking sector saw its net profit grew by more than half throughout 2023, the central bank said in its…
Egypt News Kuwaiti Finance House offers to acquire United Bank of Egypt Nada Ali Feb 29, 2024 0 Kuwait Finance House (KFH) has submitted a non-binding offer to acquire United Bank of Egypt, the Federation of…
Banks Egyptian banks shut down on Sunday for Christmas Aya El Sayed Jan 3, 2024 0 The Central Bank of Egypt (CBE) announced on Wednesday that Egyptian banks will not be open on Sunday, January 7,…
The Watch Sunday’s transactions saw stable dollar exchange rate vs Egypt pound Aya Anwar Dec 31, 2023 0 The start of Sunday’s transactions saw the stabilization of the dollar exchange rate at the major Egyptian banks.
Money Fitch: Egyptian banks’ capital ratios can withstand a further pound depreciation Yomna Yasser Jan 17, 2023 0 Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation as they are supported…
Financial Institutions UAB: Egypt has 3rd best banking system in Arab world as for assets, deposits, loans Nada Ali Jan 1, 2023 0 The Union of Arab Banks (UAB) said that Egypt has third best banking system in Arab world in terms of assets,…
Feature Sisi: Egypt banks to help clear import backlog within four days Amwal Al Ghad English Dec 26, 2022 0 The banks in Egypt will help secure the necessary dollars to clear a backlog of imports piling up at ports within…
Money Fitch: Egyptian banks’ credit risks ease on improving economy, better operating… Amwal Al Ghad English Aug 4, 2021 0 Fitch Ratings said on Tuesday that pressures on Egyptian banks’ credit profiles and viability ratings have eased on…
Feature U.S. dollar exchange rate down at Egyptian banks on Sunday Amwal Al Ghad English Aug 17, 2020 0 U.S. dollar exchange rate maintained its downward trend during transactions at Egyptian banks on Sunday, amid an…
Money Egypt lenders’ foreign currency liquidity vulnerable to external shocks: Fitch Amwal Al Ghad English Jul 16, 2020 0 Egyptian banks' foreign currency liquidity is still vulnerable to fluctuations in investor appetite for emerging…