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…
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Banks
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…
CBE encourages banks to invest in equity for SMEs through some incentives
The Central Bank of Egypt (CBE) agreed to allow banks to count their own equity investments in SME-focused funds as…
Egypt’s EGX, banks to start five-day holiday in April
Egyptian banks and the country's stock exchange will be closed for five days starting next Wednesday, to celebrate…
NBE creates 2 mln banks accounts enhancing financial inclusion
National Bank of Egypt, the country's largest bank by assets, created 2 million bank accounts during the financial…
Banks offer loans of EGP1.802 tn to customers in December: CBE
Total loans provided to bank customers, excluding the Central Bank of Egypt, increased by EGP 44 billion in…
Moody’s assigns positive outlook for Egypt’s banks on strong economy
Moody's Investors Service has maintained its positive outlook on Egypt’s banking sector, buoyed by an improving…
Dollar stable at major banks after wave of drops against EGP
The exchange rate of US dollar was relatively stable during morning transactions on Tuesday at major banks after a…
Egypt’s foreign currency reserves rise $42.6bn at 2018-end
Egypt’s foreign currency reserves increased to $42.6 billion at the end of 2018, the highest level in years, the…