CBE Requests EGP50 bln at 38th Auction of Deposit Operation
Egypt’s Central Bank (CBE) is requesting on Tuesday around 50 billion Egyptian pounds of domestic surplus liquidity…
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Banks news
CBE Grants Bank Audi Egypt ‘Mobile Payment’ Licence – Sources
Bank Audi S.A.E. is now licenced to offer its clients in Egypt the mobile payment services, according to banking…
Bahrain’s Ahli United Bank Considers Sale or Merger: Sources
Ahli United Bank (AUB) AUBB.BH, Bahrain's largest lender, is evaluating a sale or a merger with a rival bank in a…
Arab Investment Bank Mulls Arranging EGP1 bln Syndicated Loan
Arab Investment Bank of Egypt (AIB) is considering to arrange an EGP one billion syndicated loan in favour of…
Industrial Development Bank Eyes 33% Retail Lending Growth This Year
The Industrial Development and Workers Bank of Egypt (IDWB) targets a 33% growth in its retail loan portfolio…
QNB Al Ahli Takes Part in CBE’s Mortgage Funding Initiative
Qatar National Bank Al Ahli announced on Wednesday its participation in the Central Bank of Egypt’s mortgage…
CBE: Banks Closed Sunday, Monday for Easter Holidays
The Central Bank of Egypt (CBE) said in a statement that all banks operating in Egypt will be closed on Sunday,…
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…
European Central Bank Awards EastNets Technical Audit Consultancy Services
EastNets, a leading global provider of compliance and payments solutions for the Financial Services industry, has…
Faisal Islamic Bank: GCC Helped Regulate Egypt’s Exchange Market
Gulf aid packages to Egypt have contributed to secure fuel, regulate its foreign exchange market, and enhance…