CIB injects funds of EGP4.1bln in retail banking in 2019
Egypt's largest listed bank, Commercial International Bank (CIB), announced that retail banking funds have…
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Agricultural Bank settles default loans of EGP330mln as part of CBE initiative
Egypt's main agricultural lender, the Egyptian Agricultural Bank has settled agreements with 4,500 defaulters with…
Banque Misr’s Islamic banking increases to EGP7.8bln in June 2018
Egypt's second-largest state-owned bank, Banque Misr announced that its Islamic banking portfolio has increased to…
Microfinance activity records 10.6 mln pounds in Q3 2018
Egypt’s microfinance activity balance has increased over the third quarter (Q3) of 2018 to register 10.6 billion…
EFSA to finish insurance and consumer finance laws in 2019
The Egyptian Financial Supervisory Authority is set to finish both insurance and consumer finance laws during the…
Egypt’s MSME agency negotiating European Investment Bank €60 million loan
Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) is in talks with the European Investment…
MSMEDA provides EGP4.1 bln to SMEs in 9 months
The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has provided funds at a value of 4.1 billion…
State land bank to set up new HQ in Egypt’s new capital
The state-owned Egyptian Arab Land Bank (EALB) has signed an agreement on Tuesday to set up a new headquarters in…
Al Baraka Bank gets regulatory approval to set up new firm in Egypt
Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, has obtained regulatory approvals to set up…
Egypt’s central bank exempts EALB bank from 14% required reserve ratio
Egypt’s central bank has exempted the state-owned Egyptian Arab Land Bank (EALB) from a 14 percent required reserve…
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