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Banks
CBE Reveals Foreign Currency Funds’ Usages In 2011, 2012
The Central Bank of Egypt (CBE) revealed the uses of the foreign currency funds allocated by the government for…
UK Authorities Probe Barclays Over Qatar Loan: FT
British authorities are looking into an allegation that Barclays loaned Qatar money to invest in the bank as part…
Banque Misr Receives EGP 584 Mln In E-Payments
Banque Misr has received EGP 584 million in e-payments as the bank adopts the idea of making all payments conducted…
NBE’s Retail Loans Hit EGP 20 Bln In 2012
The National Bank of Egypt’s (NBE) retail loan portfolio registered EGP 20 billion at the end of 2012, compared to…
Banks Arranging Egyptian Potash Loan Sign Terms Sheet
The National Bank for Development (NBD), Bank Audi Egypt and Banque Misr, arranging an EGP 688 million loan for the…
NBE To Launch Pre-Paid Cards Service Next March
The National Bank of Egypt (NBE) will launch “Pre-Paid Cards” service next March which will enable customers to pay…
Industrial Development Bank Negotiates With NBE, CIB Over Foreign Loans
The Industrial Development and Workers Bank of Egypt is currently conducting negotiations with the National Bank of…
CBE Offers US$ 50 Mln To Local Banks On Thursday FX Auction
The Central Bank of Egypt (CBE) offers US$ 50 million to local banks on Thursday at its 16th FX auction, with a…
QNB Gets CBE’s Approval On NSGB Acquisition
The Central Bank of Egypt (CBE) has approved Qatar National Bank (QNB)’s request to acquire the National Société…
Fitch Cuts Egypt’s Long-Term Foreign Currency Issuer Default Rating
Fitch Ratings has downgraded Egypt's Long-term foreign and local currency Issuer Default Ratings (IDRs) to 'B' from…