CIB’s mortgage finance portfolio increases to EGP1.5bln during Q1
Egypt’s largest listed bank, Commercial International Bank (CIB) said its mortgage finance portfolio has increased…
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AlexBank net profit falls 7.7% year-on-year in Q1
Egypt’s AlexBank, part of Italian bank Intesa Sanpaolo, said on Monday that its first-quarter net profit fell 7.7…
BLOM Bank Egypt temporarily closes New Cairo office as employee suspected of having…
BLOM Bank Egypt, part of Lebanon’s lender BLOM, said on Sunday its New Cairo office would be temporarily closed as…
Banks secure EGP376 mln to Mashroak initiative during April
Banks in Egypt financed 1,000 small and medium-sized enterprises with 378 million Egyptian pounds as part of The…
Egypt’s Banque Misr pre-tax profit climbs 67% at June-end
Egypt’s Banque Misr reported on Thursday a 67 percent increase in pre-tax profit in the financial year 2018/2019,…
Banque Misr announces finding 4 coronavirus cases in Al Badrashin branch
Egypt's second largest bank, Banque Misr has announced discovering four coronavirus cases among its employees in Al…
MSMEDA injects EGP10mln to covert to convert cars to natgas
Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a 10 million Egyptian pounds deal with…
Nasser Social Bank ups annual yield of senior citizens’ certificate to 15.5%
Nasser Social Bank (NSB) has decided to increase the annual and monthly yield of a certificate for senior citizens…
Egypt’s FRA: leasing companies can delay loan repayments for 6 months
Egypt’s market watchdog, the Financial Regulatory Authority (FRA) issued a decree that makes mortgage, financial…
Egypt’s central bank cuts interest rates by 3% to buffer economy from coronavirus
Egypt’s central bank cut its main interest rates by 3 percent on Monday as a “preemptive” move to support the…