For First Time in Egypt Market, Bank Audi Launches ‘World MasterCard’
In an effort to continue providing its customers with the finest and most innovative banking services, Bank Audi…
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Banks news
Banque Du Caire to Select Manager of Its EGP100mn Fund Soon
Banque Du Caire has reached an advanced stage of talks before choosing one of five investment firms competing to…
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…
CIB Secures EGP500mn for Egypt’s Low-Income Housing Funding Initiative
The Commercial International Bank - CIB is allocating EGP 500 million (around $70mn) for the housing finance…
Mashreq Egypt Launches SME Current Account
Mashreq Bank – Egypt launched today a new SME Current Account to address the needs of small and medium-sized…
Suez Canal Seen Reviving Egypt’s Syndicated Loans – CIB
The biggest expansion of Egypt’s Suez Canal since it opened in 1869 will boost syndicated loan deals in North…
Banque Du Caire Grants 2% of Profits to Improve Egypt’s Informal Areas
Banque Du Caire grants 2% of its profits for combating the slums phenomena in Egypt under the initiative of…
National Bank of Egypt Eyes $250mn Financing from Two Gulf Funds
Egypt’s state-run biggest banks, the National Bank of Egypt (NBE) starts talks with two Gulf funds over US$250…
Fitch Affirms 3 Egyptian Banks; Outlooks Stable
Fitch Ratings has affirmed National Bank of Egypt SAE's ( NBE ) and Egypt-based Commercial International Bank's…
EBRD Lends National Bank of Egypt $30mn to Support Renewable Projects
The European Bank for Reconstruction and Development (EBRD) is lending again one of Egypt’s state-run biggest…