Egypt to launch $600 million Africa export credit guarantee firm – c.bank
Egypt’s central bank board approved on Thursday the launch of a company with capital of $600 million to guarantee…
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Suez Canal Bank 9-month net profit grows 10% y-o-y
Egypt’s Suez Canal Bank reported on Wednesday a 10 percent year-on-year growth in net profit for the first nine…
National Bank of Egypt says financed 31,000 SME industrial projects
National Bank of Egypt's (NBE), the country's largest state bank, small and medium-sized enterprises loans…
Egypt’s net foreign reserves inch up to $45.247 billion in September: c.bank
Egypt’s net foreign reserves inched up to $45.247 billion in October from $45.118 billion in September, the central…
Arab African International Bank posts profits rise of 4 % in 9 months
Arab African International Bank’s (AAIB), an international bank based in Egypt, has posted an increase in profits…
Emirates NBD Egypt grants $28 mln to Farm Frites
Emirates NBD Egypt has granted Farm Frites Egypt a short-term loan worth $28 million to open a new factory in 10th…
EBRD names Egypt’s Soha El-Turky as new vice president, CFO
The European Bank for Reconstruction and Development (EBRD) said on Friday it had chosen Soha El-Turky to be its…
Egypt’s central bank to create fintech investment unit before year-end
Egypt’s central bank plans to launch a holding company focused on managing its investments in fintech before the…
Egypt’s AAIB bank net profit falls 2.4%, hit by tech-upgrade costs
Egypt's Arab African International Bank (AAIB) posted on Wednesday a 2.4 percent decline in first-half net profit…
Banks’ credit facilities see EGP 35.2bn incline in July 2019
The total credit facilities granted by banks to their customers inclined by 35.2 Egyptian pounds to reach 1.819tn…