EBRD planning €1 billion investments in Egypt this year after pound float
The European Bank for Reconstruction and Development expects to invest about 1 billion euros ($1.1 billion) in…
Browsing Tag
Banks news
EBRD, EU, EIB, AFD launch green financing facility in Egypt
The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), European Union,…
EBRD: Egypt investments record €47.7 million since early 2017
The European Bank for Reconstruction and Development (EBRD) has so far invested in Egypt around €47.6 million…
Egypt’s CIB bank sells 74.75% stake in CI Capital
Egypt’s largest listed lender, Commercial International Bank (CIB) announced Monday selling a 74.75 percent stake…
Egypt launches World Bank-funded Upper Egypt development scheme
Egypt has launched Sunday a $500 million Local Development Programme for Upper Egypt, primarily funded by the World…
AlexBank: SME lending hit 3 bln Egyptian pounds at 2016-end
AlexBank, a member of Italian bank Intesa Sanpaolo, says small and medium-sized financing portfolio had recorded 3…
Deposits at Egypt banks rise 22.04% in November after pound float
The total volume of deposits at banks operating in Egypt hiked to 2.714 trillion Egyptian pounds ($150.3 billion)…
Bank of Japan keeps policy steady as Fed sticks to rate-hike path
The Bank of Japan kept on Thursday monetary policy steady in the wake of the U.S. Federal Reserve's second interest…
Fed hikes rates at March meeting
For the second time in three months, the U.S. Federal Reserve raised its benchmark interest rate a quarter point…
Bank of England votes 8-1 to hold interest rate at record low level of 0.25%
The Bank of England (BOE) held on Thursday interest rates at the record low level of 0.25 percent and maintained…