Banks in Egypt adopt ISO 20022 standard for interbank transfers – CBE
Egypt's banking sector has adopted the international ISO 20022 messaging standard for interbank financial…
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Egyptian banking sector
Banks in Egypt to close 12–13 April for Easter, Sham El-Nessim holidays
Egypt’s central bank said on Thursday that all banks operating in the country will suspend work on Sunday and…
Egypt’s banking sector shows resilience with strong capital, low NPLs – CBE
Egypt’s banking sector remains robust and well-positioned to support economic growth, according to the latest…
Egypt’s Social Housing Fund, IDB seal EGP4b mortgage finance cooperation
Egypt’s Social Housing and Mortgage Finance Support Fund signed a cooperation protocol on Wednesday with the…
Egypt’s central bank, EBI launch anti-fraud training for bank staff
Egypt’s central bank announced on Sunday a new training programme aimed at strengthening the banking sector’s…
Egypt signs deal with Bank NXT to boost youth, disability financial inclusion
Egypt’s Ministry of Youth and Sports signed a cooperation agreement with Bank NXT, a subsidiary of EFG Holding, to…
Egypt’s banking sector contributes EGP 3.9b to CSR projects in 2024: CBE
Egypt’s banking sector has contributed 3.9 billion Egyptian pounds ($76.3 million) to community and development…
Egypt’s banking sector shows strong financial health – CBE
The Central Bank of Egypt (CBE) has reported strong financial safety indicators, underscoring the resilience of the…
CBE governor stresses financial stability in Arab banking sector
The Central Bank of Egypt (CBE) governor Hassan Abdalla emphasised the importance of enhancing financial stability…
CBE: Egyptian banking sector maintains prudent lending practices
Egypt’s central bank reported that the banking sector continued to provide financing for the business sector and…
CBE: Banking sector assets up 116.9% of GDP by FY ’23
The Egyptian banking sector's total assets reaching a substantial 116.9 per cent of the nominal GDP and 92.3 per…
Egypt’s CBE reforms target financial inclusion of marginalised groups
Central Bank of Egypt (CBE) has embarked on ambitious reforms to include marginalised groups in the formal economy…
Fitch: GCC banks show ‘strong appetite’ for Egyptian market
Gulf Cooperation Council (GCC) banks are showing “a strong appetite” to expand their presence in key regional…
Egypt leaps forward in sustainable finance ranking by SBFN
The Sustainable Banking and Finance Network (SBFN) upgraded Egypt's rating from "Developing" to "Advancing" in its…
Al-Jarahi appoints as deputy chairman for GASC
Egypt's Prime Minister has appointed Hossam Ahmed Al-Jarahi as deputy chairman of the board of directors for the…
Egypt’s domestic liquidity hits EGP 9.124t in Feb.
The Egyptian banking sector witnessed a surge in local liquidity, reaching 9.124 trillion Egyptian pounds in…
Intesa Sanpaolo in talks with Egypt gov’t to buy remaining 20% stake in ALEXBANK
Intesa Sanpaolo Group, the leading European bank and owner of 80 percent stake in AlexBank in Egypt, has started…
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…
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…
Arab Investment Bank, Visa team up to boost e-payments in Egypt
EFG Holding’s Arab Investment Bank (aiBANK) has entered into a long-term partnership agreement with Visa, to…
Egypt’s central bank, London Institute of Banking & Finance sign MoU
Egypt’s Central Bank signed a Memorandum of Understanding (MoU) with London Institute of Banking & Finance…
Arab Monetary Fund provides $615.8mln to support Egypt’s financial sector
The Arab Monetary Fund (AMF) has extended a new loan to Egypt of 153.475 million Arabic dinars ($615.8 million) to…
National Bank of Egypt posts highest-ever full-year profits
The National Bank of Egypt, the country’s largest state-run bank, posted its highest ever full-year profit, banking…
Egypt’s banking sector ranks 4th in the Arab world
The Egyptian banking sector is ranked fourth among the Arab world in terms of assets, according to the chairman of…
Top50 Women Forum honours Rania al-Mashat for joining IMF
In recognition of her significant role in the Egyptian banking sector, a 50-member woman-led forum has honoured…
Barclays Egypt Plans EGP800 million Personal Finances in 2015
Barclays Bank Plc is planning to increase its personal finance activities in Egypt throughout 2015. In this…
Al Baraka Bank: EGP200mn for Biggest Loan in Egypt Banking Sector
Al Baraka Bank Egypt will pump EGP 200 million in one of the biggest loans in the Egyptian banking sector in favour…
Egypt Post signs US FATCA Tax Deal
The National Postal Authority – Egypt Post has recently signed an agreement with the US tax authority to adopt the…
Banque Misr: Total Investments hit EGP40 billion, Real Estate Fund due in Q4
Banque Misr's portfolio of total investments (listed and unlisted) currently stands at EGP 40 billion, said General…
Barclays Egypt Says SME Funding Portfolio Hits EGP350 million
Barclays Egypt's total SMEs finance portfolio amounts to EGP 350 million within the current June, Amwal Al Ghad…
NBE Eyes 15% Growth in Medium Funding within FY14/15
National Bank of Egypt is targeting growth rates of 15% in its medium enterprises' loans portfolio within fiscal…
Egypt: Banks’ Investments in T-bills Surge to EGP327 bln in October
The Egyptian banking sector’s investments in treasury bills increased by EGP 3.5 billion or 1.1%, registering…
Banks’ Investments In T-Bills Hit EGP 263.8 Bln At End-Feb 2013: CBE
The volume of the Egyptian banking sector’s investments in treasury bills rose 2.6% (EGP 6.8 billion) to reach EGP…
Banks’ Loans Hit EGP 526.6 Bln At End-Feb 2013: CBE
The value of loans offered by the Egyptian banking sector to customers rose 0.4% (EGP 2.6 billion) to reach EGP…
Banks’ Deposits Rose To EGP 1.2 Tln At End-Feb 2013: CBE
The volume of deposits held by the Egyptian banking sector other than the Central Bank of Egypt (CBE) surged…
Egyptian Banks Won’t Go Through Cyprus Banking Experience; CBE Governor Affirms
The Egyptian banking sector is one of the strongest sectors in the country as it successfully overcame the latest…
Banks’ Investments In T-Bills Fell EGP 4.1 Bln At End-Jan: CBE
The Egyptian banking sector’s investments in treasury bills dropped 1.5% (EGP 4.1 billion) to reach EGP 257.07…
Egyptian Banking Sector’s Investments In T-Bills Hit EGP 383 Bln At End-2012
The Egyptian banking sector's investments in treasury bills rose 0.4% (EGP 1.4 billion) to reach EGP 383.74 billion…
Banks’ Investments In Securities Hit EGP 595.8 Bln At End-Nov. 2012
The Egyptian banking sector’s securities portfolio surged by 2.6% (EGP 15.1 billion), registering EGP 595.8 billion…