Egypt’s reserve money M0 surges to EGP 1.581 trillion at Sept-end: c.bank
Egypt’s reserve money (M0) rose to 1.581 trillion Egyptian pounds ($51.144 billion) at the end of the third quarter…
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Banque du Caire H1 net profit grows 41%
Egypt’s third largest public state-lender, Banque du Caire (BdC) reported on Wednesday a 41 percent year-on-year…
Egypt’s c.bank says reserve money rose to EGP 1.502 trillion in Q3
Egypt’s central bank reported on Wednesday a growth in the country’s reserve money (M0) to 1.502 trillion Egyptian…
Egypt’s financial inclusion grows by 147% from 2016 to 2022 – CBE
Egypt’s central bank (CBE) has released on Saturday its financial inclusion indicators for 2022, as the figures…
Egypt’s CIB bank offers 3-year certificates of deposit at 22%
Commercial International Bank (CIB), one of Egypt’s largest private banks, is offering three-year certificates of…
Egypt’s NBE, Banque Misr issue new 19%, 22% CDs over 3 years
Egypt's two biggest state lender, the National Bank of Egypt and Banque Misr have launched on Sunday two…
Abu Dhabi Islamic Bank Egypt 2022 net profit jumps 51%
Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) reported on Sunday a 51 percent year-on-year growth in net profit to…
ADIB wants to launch digital bank in Egypt: CEO
Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) plans to launch its first digital bank as it seeks to get the Egyptian…
Abu Dhabi Islamic Bank Egypt launches new sukuk firm
Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) said on Sunday it is launching a new sukuk unit worth 10 million…
Egypt’s gold reserves record $7.372bln in February – central bank
Egypt’s gold reserves, a major component of foreign cash reserves reached $7.372 billion at the end of February,…
Egypt’s domestic liquidity surges to EGP 7.737 in January
Egypt’s domestic liquidity increased by 335 billion Egyptian pounds to reach 7.737 trillion pounds ($252,6 million)…
Al Baraka Bank – Egypt 2022 pretax profit hits EGP 2.655 bln
Al Baraka Bank – Egypt reported on Sunday profit before tax of 2.655 billion Egyptian pounds ($87.1 million) during…
Egypt’s gold reserves inch up to $7.326 billion at end-2022
Egypt’s gold reserves, a major component of foreign cash reserves, inched up to $7.326 billion at the end of…
Egypt’s central bank announces rate meeting schedule for 2023
Egypt’s central bank on Saturday announced the schedule of its meetings that determine the course of monetary…
Egypt’s Banque Misr achieves EGP 16.5bn pretax profit in 6 months
Egypt’s second largest public bank Banque Misr reported on Sunday its pretax profits to record 16.560 billion…
National Bank of Egypt says H1 net profit at EGP 14.103 billion
The National Bank of Egypt (NBE), the country’s largest public lender, reported on Wednesday net profit of 14.103…
Egypt’s central bank cancels Nov. 3 monetary policy meeting
Egypt’s central bank said on Monday that its monetary policy committee (MPC) meeting, that was scheduled on…
National Bank of Egypt to offer three-year certificate of deposit at 17.25%
The National Bank of Egypt (NBE), the largest state-run lender, will offer a three-year certificate of deposit at…
France’s AFD to sign financing deals with Banque Misr, Banque Du Caire at COP27
The French Development Agency (AFD) will sign financing agreements with Banque Misr and Banque Du Caire at COP27,…
Al Ahli Bank of Kuwait–Egypt joins consortium for El Sewedy Electric’s EGP 2 billion loan
Al Ahli Bank of Kuwait–Egypt (ABK-Egypt) announced on Tuesday it is joining a consortium of seven banks to provide…
Egypt signs MoU to host AfDB 2023 annual meetings
Egypt will host the Africa Development Bank Group’s (AfDB) upcoming annual meetings in May 2023, following the…
Egypt’s Banque Misr says net profit hit EGP 6.819 billion in Q1
Banque Misr, Egypt’s second biggest state lender, recorded net profit of 6.819 billion Egyptian pounds ($355…
Banque du Caire H1 standalone pretax profit grows 6%
Egypt’s third largest public state-lender, Banque du Caire (BdC) reported on Tuesday a 6 percent year-on-year…
Remittances from expatriate Egyptians rose 2.1% in 11 months
Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May…
National Bank of Egypt retail lending hits EGP 190 billion end-June
The National Bank of Egypt (NBE), the country’s biggest state-run lender, said on Monday that its retail lending…
Banque Misr’s Mohamed El-Etreby elected chairman of Union of Arab Banks
Banque Misr chairman Mohamed El-Etreby was elected chairman of the Union of Arab Banks (UAB) on Wednesday for three…
Remittances from Egyptians abroad grow 6.4% y-o-y in 2021: CBE
Remittances from Egyptians working abroad grew by 6.4 percent year-on-year to around $31.5 billion in 2021 from…
Egypt’s net foreign reserves inch up to $40.980 billion in January
Egypt’s net foreign reserves inched up to $40.980 billion at the end of January from $40.934 billion at the end of…
Egypt’s Banque Misr pretax profit jump 53.7% at Sept-end
Egypt’s second largest public bank Banque Misr reported on Wednesday a 53.7 percent growth in pretax profit at the…
National Bank of Egypt: pretax profit at EGP48.263 billion in 15 months
The National Bank of Egypt (NBE), the country’s biggest state lender, said on Sunday its pretax profit rose to…
Deposits at Egypt banks hike 16.9% in 9 months: c.bank
Banks in Egypt reported a 16.9 percent surge in the size of deposits to 6.077 trillion Egyptian pounds ($386.8…
Remittances from Egyptians abroad grow 1.5% in Q1 FY 2021-22: official
Remittances from Egyptians working abroad reported a 1.5 percent year-on-year growth the first quarter of the…
Attijariwafa Bank Egypt hikes paid-up capital to EGP 5 billion
Attijariwafa Bank Egypt’s general assembly has recently approved paid-up capital increase to 5 billion Egyptian…
HSBC launches Foras Trade Fund to support Egypt SMEs
HSBC has launched on Tuesday a Foras Trade Fund worth 3 billion Egyptian pounds ($191 million) to support small and…
Egypt’s net foreign reserves slightly increase $40.85 billion in October
Egypt’s net foreign reserves slightly inched up to $40.85 billion at the end of October from $40.825 billion at the…
Attijariwafa Bank Egypt net profit climbs 65% in six months
Attijariwafa Bank Egypt reported on Monday a 65 percent growth in net profit after tax for the first six months of…
Remittances from Egyptians abroad grow 13.2% in FY2020/21– central bank
Remittances from Egyptians working abroad surged 13.2 percent year-on-year during the financial year 2020/2021…
Egypt’s net foreign reserves rise to $40.672 billion in August – c.bank
Egypt’s net foreign reserves stood at $40.672 billion at the end of August, up slightly from $40.609 billion in…
Arab African International Bank first-half profit 13.4% up, assets hit $14 billion
Egypt’s Arab African International Bank (AAIB) reported on Saturday over 13 percent year-on-year growth in profit…
Egypt’s M2 money supply grows 17.2% y-o-y in July – central bank
Egypt's M2 money supply grew by 17.2 percent year-on-year in July, central bank statistics published on Tuesday…