Egypt approves EBRD expansion
Egypt has approved amendments to the European Bank for Reconstruction and Development (EBRD) founding agreement to…
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Banking Sector
Egypt’s banks off on June 5-9 for Muslim feast
The Central Bank of Egypt (CBE) announced that all banks in the country will suspend work from Thursday, June 5,…
IMF sees growth cooling in Italy, urges stronger fiscal discipline
Italy’s economy expanded by 0.3 per cent in the first quarter of 2025, after posting 0.7 per cent growth in 2024…
Bank Indonesia to inject $5bn liquidity into banking sector
Bank Indonesia's (BI) decision to reduce the secondary reserve requirement from 5 to 4 per cent starting in June…
EBRD, Jordan’s Bank al Etihad expand green finance
The European Bank for Reconstruction and Development (EBRD) has extended a US$ 30 million (€27.3 million)…
Egypt’s CBE announces banking hours for Ramadan ’25
The Central Bank of Egypt (CBE) has announced the official working hours for the banking sector during Ramadan…
Fitch: Türkiye’s economic outlook stable despite inflation concerns
Türkiye's sovereign rating remains at 'BB-' with a stable outlook, according to Fitch Ratings.
Vietnam’s banking sector to see 17% earnings growth in ’25
Vietnam's banking sector earnings are expected to grow from 14 per cent in 2024 to 17 per cent in 2025.
S&P Global: Banks lead Asia’s economic performance in Dec ’24
Asia’s economic activity slowed in December 2024, with growth recorded in only 11 out of the 18 sectors monitored…
Turkish banks face margin squeeze amid tightening policy – Fitch
Turkish banks continued to face pressure on their margins in the second quarter of 2024, driven by stringent…