Egypt’s banks to close on 7 May for Labour Day – CBE
The Central Bank of Egypt (CBE) announced on Tuesday that work will be suspended across all banks operating in…
Browsing Tag
Banks
Egypt banks to close for 25 Jan Revolution, Police Day Holiday – CBE
Egypt's Central Bank (CBE) announced on Tuesday that all banks operating in the country will suspend work on…
Egypt to pay 50% of exporters’ dues in cash
Egypt’s Ministry of Finance announced on Monday plans to begin paying exporters 50 per cent of their outstanding…
Fitch: ESG sukuk market to exceed $50b in ’25
The global ESG sukuk market is projected to exceed $50 billion in 2025, cementing its position as a key funding…
Italy plans to raise €4b through tax reforms for banks
Italy will raise approximately 0.2 per cent of its gross domestic product (GDP), or around €4 billion ($4.35…
Italy turns to banks for €3.5b, no tax hikes
Italy's Prime Minister Giorgia Meloni's cabinet has unveiled a plan to tap the country's banks and insurers for…
Egypt’s banks off next Sunday
The Egyptian banks will be off on Sunday, October 06, 2024, on the occasion of the Armed Forces Day.
Australia’s c. bank warns of debt risks on falling interest rates
The Reserve Bank of Australia (RBA) warned borrowers to avoid excessive debt as interest rates fall to prevent a…
Italy mulls symbolic contribution from banks
Italy is contemplating a symbolic contribution from banks based on their earnings over the past two years,…
S. Korea’s household loans surge by ₩9.8t in August
South Korea's household loans across all financial sectors surged by KRW9.8 trillion in August 2024, sharply…
Eurozone banks must consider geopolitical risks – ECB’s Buch
Eurozone banks should account for geopolitical risks in their capital planning and business decisions, according to…
Bank of England allocates record £34.3b in short-term repo funds
The Bank of England (BoE) allocated a record £34.292 billion ($44.1 billion) in seven-day funds during its weekly…
UK banks can be wound down without public funds – BoE
The Bank of England (BoE) announced on Tuesday that Britain's top eight banks, including HSBC, Barclays, Lloyds,…
Egypt’s banks off on Thursday for Islamic New Year
The Egyptian banks will be off on Thursday, July 11, 2024, in observance of the Islamic New Year.
Egypt’s banks off on Sunday for national holiday
The Egyptian banks will be closed on Sunday, June 30, 2024, in observance of the 30th of June Revolution…
Egypt’s banks off from June 16 to 23
The Central Bank of Egypt (CBE) announced on Tuesday a suspension of banking operations across the country in…
US, 13 allies to sign Indo-Pacific economic agreements
The US and 13 partner nations in Asia and the Pacific are poised to sign agreements on two additional components of…
Egypt’s traders demand probe into EGX power outage
Egyptian Stock Exchange (EGX) traders and investors have demanded an immediate investigation into Monday's service…
European banks seek ‘strategic’ status
European banks are urging the European Union (EU) to classify them as a strategic sector, warning that their…
China Vanke receives govt. support amid property crisis
China’s government stepped in to bolster China Vanke, a state-backed property firm currently facing financial…
ECB maintains rate floor, monitors economic outlook
The European Central Bank (ECB) plans to maintain a “floor” under market interest rates, with the decision on the…
FAB launches 1st global Sukuk in ‘24
First Abu Dhabi Bank (FAB) issued on Thursday a five-year Sukuk worth $800 million at a rate of U.S. Treasury +85…
Egypt’s CIB confirms taking a loan
The Egyptian Commercial International Bank (CIB) responded to the Egyptian Exchange (EGX) inquiring about the…
Deutsche Bank acquires UK broker Numis
Deutsche Bank has completed its full acquisition of London-based boutique investment bank, Numis, the German bank…
Egypt’s Oriental Weavers sells stake in NBK Egypt
Egypt's Oriental Weavers Group (OW) sold its 0.70 percent equity in the National Bank of Kuwait - Egypt (NBK…
Banque du Caire launches central security unit
Banque du Caire launched a central security control unit to monitor operations at its branches, said an emailed…
Arab African International Bank first-half net profit reaches $106.1mln
The African Arab International Bank (AAIB) has achieved a net profit of $106.1 million in the first half of 2023,…
CBE eases banking access for illiterate, elderly
The Central Bank of Egypt (CBE) introduced new facilities on Tuesday to help illiterate and elderly customers (65+…
Egypt to sell stake in Banque Misr in 2024
Egypt is eyeing selling a stake in Banque Misr to a strategic investor in 2024, the bank’s chairman Mohamed…
UAE’s Mashreq to begin digital banking operations in Pakistan
UAE-based Mashreq announced on Monday that it completed its incorporation in Pakistan and will commence digital…
Banque Misr, Actors Syndicate cooperate on seamless digital services
Banque Misr, Egypt’s second largest state-run lender signed a cooperation protocol with the Actors Syndicate for…
ADIB Egypt posts 111.47% YoY rise in H1 profits
Abu Dhabi Islamic Bank Egypt (ADIB-Egypt) recorded an increase of 111.47 percent year-on-year (YoY) in consolidated…
Egypt’s central bank issues $1.35bln T-bills
The Central Bank of Egypt (CBE) offered new treasury bills (T-bills) worth 42 billion Egyptian pounds in two…
Saudi’s SAB records $882.3 mln profits in H1
Saudi Awwal Bank (SAB) recorded a 58.87 percent increase in net profit to 3.31 billion Saudi riyals during the…
Al Baraka bank earnings increase by 20.6% in Q1 of 2023
Al Baraka Bank-Egypt announced on Monday that it has witnessed an increase in its net earnings by 20.6 percent…
Bank of America opens branch in Luxembourg
Bank of America (BofA) has opened a new branch in Luxembourg on Tuesday, as the bank works on expanding its…
ABK-Egypt employee wins Gold Medal Champion at National Para-Taekwondo Tournament
Al Ahli Bank of Kuwait – Egypt (ABK – Egypt) announced on Wednesday that its employee Abdul Rahman Mahmoud has win…
First Republic Bank to lay off 25% of staff
First Republic Bank is planning a staff layoff of 25 percent, following the recent turmoil in the banking sector,…
US banks save up reserves after First Republic Bank rescue
JPMorgan Chase and Co, Wells Fargo & Co, Citigroup Inc and Bank of America are setting $100 million each in Q1…
National Bank of Egypt aims for 30% growth in 2023
Egypt’s largest state-run lender, National Bank of Egypt (NBE) is aiming for growth of 30 percent in 2023, its vice…