Egypt’s FRA grants new non-banking finance licences
Egypt’s Financial Regulatory Authority (FRA) has approved new licences for four companies in the non-banking…
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Bank of Alexandria
Egypt’s Local Development Fund backs 2,000 small, micro projects in FY2024/25
Egypt’s Ministry of Local Development financed 2,047 small and micro projects through its Local Development Fund…
Moody’s reveres outlook of 5 Egyptian banks’ to positive
Moody's Ratings affirmed ratings and assessments for five Egyptian banks and reversed their outlook from negative…
U.S. dollar maintains price in Egyptian banks
The US exchange rate against the Egyptian pound maintained its rates within bank dealings on Sunday. According to…
Moody’s assigns Counterparty Risk Assessments to five Egyptian Banks
Moody's Investors Service assigned Tuesday counterparty risk assessments (CR Assessments) to five Egyptian banks.…
Moody’s upgrades Deposit Ratings of Five Egyptian Banks
International credit ratings agency Moody's upgraded Friday the local currency (LC) deposit ratings of five…
Moody’s Changes Outlook to ‘Stable’ for Five Egyptian Banks
Moody's Investors Service ("Moody's") has today affirmed and changed to stable from negative the outlook on the…
Fawry Ink Mobile Payment Service Contracts with AlexBank and Audi Bank
Fawry, Egypt's leading nationwide Electronic Bill Presentment and Payment (EBPP), signed two contracts with two…
AlexBank Contributes EGP13mn to FEB’s Initiative to Support Egypt Economy
AlexBank will contribute 13 million Egyptian pounds to support the Arab country's economy and carry out a number of…
AlexBank Won’t Contribute to ‘Long Live Egypt’ Fund – CEO
AlexBank, a member of Intesa Sanpaolo Group, will not contribute to 'Long Live Egypt' fund, CEO Roberto Vercelli…