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…
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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…