NBK Egypt reports net profit worth 1.5 bln pounds in 2017
National Bank of Kuwait–Egypt (NBK), the Gulf Arab state’s largest commercial lender, announced Thursday a 77…
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Banks
Ahli United Bank, Egypt Post ink MoU for financial services deal
Ahli United Bank- Egypt has signed a memorandum of understanding (MoU) with Egypt Post to provide the lender’s…
Amendments to Egypt Capital Markets Law credit positive for banks: Moody’s
The amendments passed by Egypt’s parliament last week to the Capital Markets Law are credit positive for banks,…
Export Development Bank seeks to secure new loans of 2 bln pounds
Export Development Bank of Egypt (EBE) seeks to increase its credit facilities and loans to 18 Egyptian pounds by…
Egypt’s Faisal Islamic Bank posts 11.1% up in business volume at end-Jan.
Faisal Islamic Bank of Egypt on Monday said that its business volume increased 11.1 percent by the end of…
NBE stops issuing savings certificates with 20% annual return
The National Bank of Egypt (NBE) announced that it stopped issuing its 18-month platinum savings certificate with…
CBE lowers interest rates 1% as inflation tumbles
The Central Bank of Egypt lowered interest rates 1% as the inflation rates keeps going downhill, for the first…
NBE: assets surge to 1.1 trillion pounds by the end of FY 2016-2017
Egypt’s biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.364 trillion…
Banque Misr receives 250 mln pounds from high-yielding certificates
Banque Misr received 250 billion Egyptian pounds ($141 billion) from the high-yielding Talaat Harb certificates of…
Remittances from Egyptian expats surge 29.3% in December 2017: CBE
Remittances from Egyptians abroad increased by 29.3 percent year-on-year in December 2017 to $2.6 billion, up…
