Deposits at Egypt’s banks rise to 2.172 trillion pounds in August
The total volume of deposits at banks operating in Egypt, aside from the central bank, have surged to 2.172…
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Egypt’s CIB to finalise sale of 70% in CI Capital ‘in hours’ – Reuters
Egypt's largest listed bank, Commercial International Bank (CIB) is seeking to sell 70 percent of its investment…
Central bank of Egypt lets banks allocate more dollars to clients: bankers
Egypt's central bank has told banks they may allocate dollars to a wider range of clients, bankers have told…
Egypt’s NBE bank: new high-yield deposit certificates attract 61,000 new clients
The National Bank of Egypt’s high-yielding certificates of deposits, launched following Nov.3 currency floatation,…
Egypt’s net FDI falls to $992.9 million in Q4: CBE
Egypt’s net foreign direct investments (FDI) fell by $1.780 billion in the four quarter of financial year to stand…
Beltone says braces for four new Egypt IPOs in 2017
Egypt’s investment bank Beltone Financial is planning to make four new initial public offerings in the local market…
National Bank of Egypt to secure 90 mln pounds for fertiliser expansion scheme
Egypt’s largest lender, the state-run National Bank of Egypt is offering to finance planned expansions for…
Bank Audi targets more than 20% growth in Egypt within 2017
Egypt’s eighth largest commercial bank, Bank Audi S.A.E., is targeting growth rates of more than 20 percent within…
Beltone completes microfinance unit takeover, looks for more deals
Egypt’s investment bank Beltone Financial has completed the acquisition of micro finance enterprise Reefy and is…
Banque Misr says sold $825 mln to cover imports since pound float
Egypt’s second biggest bank, state-owned Banque Misr has provided around $825 million to cover import payments…