Suez Canal Bank: Net profit surges 11% in 2020
Egypt’s Suez Canal Bank reported on Monday an 11 percent year-on-year increase in its new profit after tax to…
Author
Abu Dhabi Islamic Bank Egypt: 2020 net profit surges to EGP 1.195 billion in 2020
Abu Dhabi Islamic Bank Egypt (ADIB Egypt) announced on Sunday its net profit grew to 1.95 billion Egyptian pounds…
Al Ahli Bank of Kuwait–Egypt 2020 net profit grows 27% y-o-y
Al Ahli Bank of Kuwait–Egypt (ABK-Egypt) reported on Sunday a 27 percent year-on-year growth in net profit during…
Egypt’s central bank launches initiative to cancel fees on activating e-collection…
The Central Bank of Egypt (CBE) launched an initiative to cancel all fees that private sector’s MSMEs bear to…
Egypt’s Agricultural Bank launches an initiative to settle EGP6.3 bln for defaulting…
The state-owned Agricultural Bank of Egypt (ABE) announced the launch of an initiative to settle debts worth of 6.3…
Export Development Bank’s board approves EGP 546m capital raise
Export Development Bank of Egypt (EBE) approved a proposal to raise its paid-up and issued capital to 3.27 billion…
NBE, Banque Misr launch mega property project Gardenia City with EGP 26bn investments
State-owned banks, the National Bank of Egypt (NBE) and Banque Misr announced on Monday the launch of mega real…
Egypt’s net foreign reserves edge up to $40.062 billion at end-2020 – c.bank
Egypt’s net foreign reserves inched up to $40.062 billion at the end of December from $39.221 billion in November,…
Egypt’s MSMEDA offers EGP 3.7bn funding in 11M
Egypt's Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected 3.7 billion Egyptian pounds…
Microfinance in Egypt has seen a 7% growth in Q3 2020
The value of microfinance in Egypt grew by seven percent recording 42.7 billion Egyptian pounds during the third…
