Egyptian Banks’ deposits rise to 3.606 trillion pounds in August
A recent report by the Central Bank of Egypt (CBE) showed that deposits in the banking sector rose slightly at the…
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Banks
Banks’ investments in Egyptian government securities fall 1.2% in April
Banks in Egypt invested around 642.03 billion Egyptian pounds ($36 billion) in the government securities during…
SocGen chief urges regulators to help strengthen Europe’s banks
Societe Generale’s chief said banking space in Europe should follow in the footsteps of the U.S.’s, calling on…
Egypt’s Talaat Moustafa denies getting 1.5 bln pounds from banks
Egypt’s largest listed real estate developer firm, Talaat Moustafa Group Holding (TMG) denied Wednesday that it is…
EFG Hermes to start factoring services in July: official
Egyptian investment bank EFG Hermes will start offering factoring services in early July.
Bank ABC may inject $100 mln in Egyptian electricity sector loan
ABC Bank Egypt says it may contribute $100 million, in cooperation with its parent Bank ABC, to an anticipated…
Murderer of ADIB Egypt bank CEO Nevine Loutfy sentenced to death
Egypt’s Giza Criminal Court on Monday handed down a death sentence to the killer of Abu Dhabi Islamic Bank (ADIB)…
National Bank of Egypt, Banque Misr halt issuance of 17% savings certificates
Egypt’s two biggest banks, the state-owned National Bank of Egypt and Banque Misr stated they will be halting the…
World Bank providing $500 mln investments in Egypt’s education reforms
World Bank Group is providing a $500 million investments in Egypt’s five-year education reforms in public schools,…
Arab African International Bank’s 2017 profits rise to $260 mln in Egypt
Arab African International Bank’s (AAIB), an international bank based in Egypt, consolidated financial statements…