Banks in Egypt to close 27 Aug. for Prophet’s birthday holiday
All banks operating in Egypt will be closed on Thursday, 27 August to mark the birthday of Prophet Muhammad, the…
Browsing Tag
banks in Egypt
Banks in Egypt adopt ISO 20022 standard for interbank transfers – CBE
Egypt's banking sector has adopted the international ISO 20022 messaging standard for interbank financial…
Banks in Egypt to close on 18 June for Islamic New Year holiday
Egypt's central bank said on Thursday that all banks operating in the country will be closed on 18 June for the…
Banks in Egypt to close 12–13 April for Easter, Sham El-Nessim holidays
Egypt’s central bank said on Thursday that all banks operating in the country will suspend work on Sunday and…
CBE eases banking access for illiterate, elderly
The Central Bank of Egypt (CBE) introduced new facilities on Tuesday to help illiterate and elderly customers (65+…
Al Baraka bank earnings increase by 20.6% in Q1 of 2023
Al Baraka Bank-Egypt announced on Monday that it has witnessed an increase in its net earnings by 20.6 percent…
Sisi: Egypt banks to help clear import backlog within four days
The banks in Egypt will help secure the necessary dollars to clear a backlog of imports piling up at ports within…
Egypt’s bank deposits grow 17.4% in FY19/20 – CAPMAS
Egypt's bank deposits grew by 17.4 percent year-on-year (YoY) to 4.686 trillion Egyptian pounds during fiscal year…
Central bank says Egyptians withdrew EGP 9 billion from ATMs during Eid
Egyptians have withdrawn around 9 billion Egyptian pounds ($567.4 million) from ATMs nationwide during the Eid…
Banks will operate with different working hours after Eid
The Central Bank of Egypt (CBE) has adjusted banks' working hours to be from 9:00 a.m. to 4:00 p.m., effective from…
Egyptian banking sector’s net profits reach $4bln during 2019
Banks operating in the Egyptian market achieved net profits of 83 billion Egyptian pound ($ 4 billion) by the end…
Banks in Egypt to increase daily withdrawal limits
The Federation of Egyptian Banks has agreed with the Central Bank of Egypt to increase limits on daily withdrawals…
NBE posts net profits of EGP 20.2bn in 2019
National Bank of Egypt (NBE) has posted net profits after tax of 20.2 billion Egyptian…
Egypt to pay $1.6 billion as debt to Arab countries in 2H 2020: CBE
Egypt has to pay $1.694 billion during the first half of 2020, $5.167 billion during the second half, and $681…
Egypt’s Industrial Development bank performing loans rise 38% 2019-end
Egypt’s state-run Industrial Development bank (IDB) said on Saturday its performing and non-performing loans…
Banque Du Caire mulls SME loans of EGP5.5bln in 2020
Banque Du Caire considers injecting loans worth 5.5 billion Egyptian pounds into small- and medium-sized…
CBE new board of directors to convene for first time Sunday
The Central Bank of Egypt's (CBE) new board of directors is expected to hold its first meeting after its formation…
Egypt’s Islamic banking hits EGP312bln in September 2019
The volume of Islamic banking in Egypt registered 312 billion Egyptian pounds by the end of March 2019, said head…
Egypt’s Banque Misr SME lending grows 17 times in 3 years
Banque Misr, Egypt’s second largest public bank, had increased its lending for small and medium-sized businesses by…
Egypt’s housing bank pumps EGP6.7bln into personal mortgage in 9 months
Egyptian state-owned Housing and Development Bank’s (HDB) has pumped personal mortgage loans of 6.7 billion…
Sarwa Capital, Banque Misr close an EGP4bln Securitization Bond for NUCA
Sarwa Capital Holding for Financial Investments SAE (SRWA.CA), and Banque Misr announced concluded securitization…
Egyptian banks’ foreign deposits hit EGP42bn in March
Total foreign-currency deposits at Egyptian banks rose by 6.8 percent to register $42.9 billion between July 2018…
EALB manages finance portfolio of $929mln in Egypt, $500mln in Jordan
State-run Egyptian Arab Land Bank (EALB) managed a finance portfolio of $500 in Jordan by the end of October 2019,…
National Bank of Egypt says financed 31,000 SME industrial projects
National Bank of Egypt's (NBE), the country's largest state bank, small and medium-sized enterprises loans…
Egypt’s banks issue 3.2mln Meeza cards until October end
Egypt’s banking sector has issued 3.2 million Meeza cards until the end of October 2019, said Lobna Helal, deputy…
Arab investments in Egypt rise to $444.4 million at June-end: c.bank
Arab countries’ investments in Egypt rose by $127.6 million to $444.4 million in the March-June period, the central…
NBE boosts retail lending to EGP80 bln in 2019
National Bank of Egypt (NBE), the country's largest state bank, has posted an increase in its retail lending to 80…
Arab African International Bank posts profits rise of 4 % in 9 months
Arab African International Bank’s (AAIB), an international bank based in Egypt, has posted an increase in profits…
Banks in Egypt issue 2.5 million Meeza Cards since 2018
The Central Bank of Egypt (CBE) said that the number of users of 'Miza' national payment card have reached 2.5…
Oxford Business Group: banks in Egypt seen y-o-y profit rise on stable outlook
Oxford Business Group (OBG) released its monthly report about Egypt, suggesting that the banks in Egypt would see…
Banks in Egypt resume work following Eid Al Adha holiday
Banks in Egypt have resumed services following Eid al-Adha holiday Egyptian Stock Exchange (EGX) and banks in the…
Egypt Bourse, Banks Official Holiday Today on Sinai Liberation Day
Egyptian Exchange (EGX) is halting its trading activities today, announcing Thursday as official holiday on…
FEB: 75% of Egypt Banks Effective in ‘Informal Areas’ Initiative
75% of total banks in Egypt decided to have their active role in upgrading informal areas and slums across the…
CBE: Basel II To Be Applied By 2012 End
Central Bank of Egypt ended with preparing Basel II banking reform program, whose preparation started since 2009…
Banks’ credit facilities grow EGP 3.4 bn in December
Credit facilities granted by banks in Egypt increased by 3.4 billion, or 0.7%, in December as it reached EGP 489.7…