Banks seek to be subject to EU laws for 5 years in post-Brexit deal
Large banks in Britain are hoping the UK government allow their industry to remain subject to EU laws for up to…
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ECB will not give world’s oldest bank Monte dei Paschi extra time to raise cash
The European Central Bank (ECB) will not give extra time to the embattled Italian bank Monte dei Paschi to raise…
Banque du Caire: MSME financing portfolio hits 2.6 bln pounds at Oct-end
Egypt’s third biggest bank, state-owned Banque du Caire said Thursday its portfolio of micro, small, and…
Egypt to issue $1 billion 1-year dollar-dominated T-bill next week: c.bank
Egypt will issue a $1 billion, one-year treasury bill denominated in U.S. dollars by next week, the central bank…
ECB poised to extend its bond-buying programme into next Sept as Italy risk heightens
For Mario Draghi, the timing of Italian referendum and its outcome could not have come at a worse time, just days…
Italy requests ECB for more time to save troubled BMPS: FT
The board of the embattled lender Banca Monte dei Paschi has requested the European Central Bank (ECB) for more…
Egypt central bank governor says intervention in currency market is ‘history’
Egyptian Central Bank Governor Tarek Amer has said nothing would prompt him to intervene to prop up the country’s…
NBE: high-yield deposit certificates raise 130bn Egyptian pounds in one month
National Bank of Egypt's high-yielding certificates of deposit, launched when the central bank floated the pound a…
Afreximbank grants $200 million facility to support Egypt’s electricity sector
The African Export-Import Bank (Afreximbank) signed Tuesday a $200 million loan facility agreement with the…
Egypt’s state-owned Housing and Development Bank goes live on Temenos core banking system
Temenos (SIX: TEMN), the software specialist for banking and finance, announced on December 6th that one of Egypt’s…