News S&P Global upgrades Egypt’s outlook to positive Aya Anwar Mar 19, 2024 0 S&P Global Ratings upgraded Egypt’s outlook to positive, maintaining its B-/B long and short-term foreign and…
Feature Moody’s reveres outlook of 5 Egyptian banks’ to positive Aya Anwar Mar 13, 2024 0 Moody's Ratings affirmed ratings and assessments for five Egyptian banks and reversed their outlook from negative…
Banks Intesa Sanpaolo in talks with Egypt gov’t to buy remaining 20% stake in ALEXBANK Nada Ali Sep 21, 2023 0 Intesa Sanpaolo Group, the leading European bank and owner of 80 percent stake in AlexBank in Egypt, has started…
Money Banque du Caire launches central security unit Sama Mousa Sep 14, 2023 0 Banque du Caire launched a central security control unit to monitor operations at its branches, said an emailed…
Money CBE eases banking access for illiterate, elderly Sama Mousa Sep 5, 2023 0 The Central Bank of Egypt (CBE) introduced new facilities on Tuesday to help illiterate and elderly customers (65+…
Money Egypt to sell stake in Banque Misr in 2024 Sama Mousa Sep 5, 2023 0 Egypt is eyeing selling a stake in Banque Misr to a strategic investor in 2024, the bank’s chairman Mohamed…
Money Arab Monetary Fund provides $615.8mln to support Egypt’s financial sector Nada Ali Jul 30, 2023 0 The Arab Monetary Fund (AMF) has extended a new loan to Egypt of 153.475 million Arabic dinars ($615.8 million) to…
Money Egypt’s central bank receives ISO certification in business continuity management Yomna Yasser May 20, 2023 0 Egypt’s central bank has announced on Saturday that it had successfully received the ISO 22301:2019 certification…
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…
Banks Egypt banking sector assets rise 1.2% in July – c.bank Ahmed Ali Oct 1, 2018 0 The value of assets held by Egypt’s banking sector rose 1.2 percent to 5.140 trillion Egyptian pounds ($286.36…