Egyptian pound flotation poses challenges for banks’ 2016 financial positions
The decision of the flotation of the pound towards the end of last year affected all banks in the banking sector…
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Banking Sector
Australia to hold new inquiry into ‘Big Four’ banks
Australia will hold an inquiry into competition in the country's financial system, following a series of scandals…
Hong Kong to launch fintech ‘sandbox’ as rivals pull ahead
Hong Kong on Tuesday said it would establish a regulatory regime known as a "sandbox" for financial technology…
Sisi launches loan programme to support SMEs in Egypt
Egyptian President Abdel Fattah al-Sisi said the banking sector is to inject 200 billion Egyptian pounds ($25…
Banque Misr to raise $500 million via Bond Sale
Banque Misr, Egypt's second-largest state-run bank, plans to raise US$500 million via a dollar-denominated bond on…
Egyptian Banking Sector registers $262 bln end 2014: Official
The volume of Egyptian banking sector recorded EGP2 trillion (US$ 262 billion) at the end of 2014,…
Technical Financial Inclusion Provides LE 37 Bln Into Banking Sector: Hanafy
Minister of Supply Khaled Hanafy said the government has sought to make some economic reforms through policies and…
Bank Audi-Egypt Pumps EGP260mn in Favor of EGPC’s EGP10bn Loan
Bank Audi –Egypt has participated with EGP260 million stake in the directed loan for Misr Petroleum Company and…
Vodafone Egypt Seeks Inking Loan worth EGP4bn with 7 Banks
Vodafone Egypt is seeking to sign loan worth EGP4 billion with 7 banks in banking sector before the end of the…
No Intentions to Get IMF Loan – Egypt C.Bank Chief
Central Bank of Egypt's Governor Hisham Ramez asserted on Tuesday evening that his country has no intentions to…