NBE, Banque misr garner some EGP200bln in 3 months from saving certificates
Banque Misr and National Bank of Egypt have collected revenues of 200 billion Egyptian pounds ($12 billion)from…
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EBRD approves $100mln loan package to Egypt’s CIB to cushion the impact of…
European Bank for Reconstruction and Development (EBRD) has approved a $100m support loan package to address the…
CBE extends EGP 100bn initiative to cover more companies
The Central Bank of Egypt (CBE) announced that more private-sector companies in the industrial, agricultural, and…
Egyptian banks net foreign assets plunge 57 % in 9 months
The net foreign assets of Egyptian banking sector plummeted by 57 percent, or 171.5 billion Egyptian pounds …
Egypt’s domestic debt hikes to more than 4 trillion pounds – c.bank
Egypt’s domestic debt rose to 4.354 trillion pounds ($269.1 billion) at the end of 2019, around 69.5 percent of the…
EBRD approves $100 mln financial package to NBE for SMEs in Egypt
The European Bank for Reconstruction and Development (EBRD) has approved a $100 million financing package for the…
Egypt’s foreign reserves down to $36bn in May – CBE
Egypt’s foreign reserves slid by around $1 billion during May, data by the Central Bank of Egypt (CBE) showed.
CBE denies issuing 500-pound banknote in July
The Central Bank of Egypt (CBE) denied issuing a 500-pound banknote starting July according to a source with…
Egypt’s House approves new draft Banking law with new provisions
The Egyptian House of Representatives has approved the long-awaited Banking and Central Bank Act with several new…
Misr Italia Properties signs syndicated loan deal with NBE, EG Bank, AIB
A consortium of three banks has signed a medium-term syndicated loan amounting to 650 Egyptian pounds for Misr…