CBE new board of directors to convene for first time Sunday
The Central Bank of Egypt's (CBE) new board of directors is expected to hold its first meeting after its formation…
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Banks
Egypt’s Islamic banking hits EGP312bln in September 2019
The volume of Islamic banking in Egypt registered 312 billion Egyptian pounds by the end of March 2019, said head…
Egypt’s Banque Misr SME lending grows 17 times in 3 years
Banque Misr, Egypt’s second largest public bank, had increased its lending for small and medium-sized businesses by…
Egypt’s housing bank pumps EGP6.7bln into personal mortgage in 9 months
Egyptian state-owned Housing and Development Bank’s (HDB) has pumped personal mortgage loans of 6.7 billion…
Queues build at Lebanese banks reopening after one-week closure
Queues built as Lebanese banks reopened on Tuesday after a one-week closure, with police deployed at branches and…
NBE boosts retail lending to EGP80 bln in 2019
National Bank of Egypt (NBE), the country's largest state bank, has posted an increase in its retail lending to 80…
Egypt banks hiked SMEs loans to $9 bln since 2016: El-Etreby
Banks in Egypt have extended more loans to small and medium-sized firms in the first half of the year, heeding the…
Japaneses Yokohama, Chiba banks team up to counter low interest rate environment
Bank of Yokohama Ltd and Chiba Bank Ltd on Wednesday said they have agreed to establish a business partnership, as…
U.S. dollar exchange maintains downward trend at Egyptian banks
The US dollar exchange rate maintained downward trend during transactions at major banks on Monday, following a…
Q1 profits of 12 Egyptian banks listed in EGX rise 24.3%
Profitx of 12 banks listed on the Egyptian Exchange (EGX) grew 24.3 percent year-on-year during the first quarter…