Banks in Egypt to close 27 Aug. for Prophet’s birthday holiday
All banks operating in Egypt will be closed on Thursday, 27 August to mark the birthday of Prophet Muhammad, the…
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egyptian banks
Egypt allows Sunday remote work for bank HQ staff; branches stay fully operational
Egypt's Central Bank (CBE) confirmed that all Egyptian banks, their branches, customer contact centres, and all…
Egyptian banks to close on 7 January for Orthodox Christmas
The Central Bank of Egypt (CBE) announced on Monday that all banks in the country will be closed on Wednesday, 7…
Central Bank of Egypt, EBRD launch MasterTalks to boost banking innovation, financial…
The Central Bank of Egypt (CBE) and the European Bank for Reconstruction and Development (EBRD) launched a…
Egypt banking operations back to normal after disruption
Egyptian banks will continue normal operations on Tuesday despite the disruption to telecom services caused by a…
Egypt’s Local Development Fund backs 2,000 small, micro projects in FY2024/25
Egypt’s Ministry of Local Development financed 2,047 small and micro projects through its Local Development Fund…
Egypt’s sustainable finance initiatives propel growth – CBE
The Egyptian banks strengthened their efforts towards advancing the sustainable finance field through the expansion…
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.
CBE: Banks off on Sunday for Islamic holiday
The Central Bank of Egypt (CBE) announced that Sunday, 15 September 2024, will be an official holiday in…
Egypt banks: Free accounts starting Sep. 1st
Egypt’s local banks are preparing to provide free bank accounts with no minimum balance requirement from September…
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 MSMEDA, OECD partner to boost SMEs in MENA
Egypt’s MSMEDA is partnering with the OECD to support small and medium-sized businesses in the MENA region.
CBE reports bank loans rise to EGP 5.286t by end of ’23
The Central Bank of Egypt (CBE) announced on Tuesday a significant rise in loan balances at Egyptian banks,…
CBE: Egyptian banking’ net profit records EGP 283.4b in ’23
The Egyptian banking sector saw its net profit grew by more than half throughout 2023, the central bank said in its…
Kuwaiti Finance House offers to acquire United Bank of Egypt
Kuwait Finance House (KFH) has submitted a non-binding offer to acquire United Bank of Egypt, the Federation of…
Egyptian banks shut down on Sunday for Christmas
The Central Bank of Egypt (CBE) announced on Wednesday that Egyptian banks will not be open on Sunday, January 7,…
Sunday’s transactions saw stable dollar exchange rate vs Egypt pound
The start of Sunday’s transactions saw the stabilization of the dollar exchange rate at the major Egyptian banks.
Fitch: Egyptian banks’ capital ratios can withstand a further pound depreciation
Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation as they are supported…
UAB: Egypt has 3rd best banking system in Arab world as for assets, deposits, loans
The Union of Arab Banks (UAB) said that Egypt has third best banking system in Arab world in terms of assets,…
Sisi: Egypt banks to help clear import backlog within four days
The banks in Egypt will help secure the necessary dollars to clear a backlog of imports piling up at ports within…
Fitch: Egyptian banks’ credit risks ease on improving economy, better operating…
Fitch Ratings said on Tuesday that pressures on Egyptian banks’ credit profiles and viability ratings have eased on…
U.S. dollar exchange rate down at Egyptian banks on Sunday
U.S. dollar exchange rate maintained its downward trend during transactions at Egyptian banks on Sunday, amid an…
Egypt lenders’ foreign currency liquidity vulnerable to external shocks: Fitch
Egyptian banks' foreign currency liquidity is still vulnerable to fluctuations in investor appetite for emerging…
Egyptian banks’ profits decline 6.1% in Q3 of FY2020 – CBE
Egyptian banks' profits dropped 6.1 percent to 36.9 billion Egyptian pounds ($2.3 billion) during the third quarter…
Egyptian banks to open until 2pm in light of curfew hours
Egyptian banks will be open from 8:30am to 2pm starting Tuesday, instead of the normal hours of 9:30am to 3pm, per…
Egyptian banks off two days for Coptic Easter, Sham El-Nessim
The Central Bank of Egypt (CBE) has given the banking sector a holiday on Sunday and Monday to mark the Coptic…
Key global currencies rates in Egyptian banks on 7 Jan.
Amwal Al Ghad on Tuesday demonstrates the exchange rates of key global currencies; US dollar, euro, pound sterling,…
Egyptian banks contributes EGP400mln to slums development: Ezz Al-Arab
Banks operating in Egypt have contributed 400 million Egyptian pounds ($24.3 million) to develop slums Hisham Ezz…
Egypt bank digital wallets rise to 12 million – official
The number of digital wallets issued by Egyptian banks rose to around 12 million, central bank sub governor said on…
CBE: Egyptian banks have secured $6.14 bln for 451,000 SMEs in 3 years
Egyptian banks have financed 451,000 small and medium-sized projects with 110 billion Egyptian pounds ($6.14…
Currency in circulation outside Egypt banks 9.4% of GDP in Q1
Funds in circulation outside Egypt-based banks fell to 9.4 percent of the country’s GDP in the first quarter of the…
Egyptian bank deposits rise 6.2% in five months – CBE
Egyptian bank deposits rose 6.2 percent in the first five months of the year to 3.536 trillion Egyptian pounds…
Eid Al-Adha holiday for Egyptian banks starts 20 August
The Central Bank of Egypt (CBE) announced on Tuesday that bank employees will take a four-day holiday from Monday,…
Banks in Egypt pump EGP 14.5 bln into CBE’s Mortgage Initiative
The banks pumped funds of 14.5 billion Egyptian pounds as part of Central Bank of Egypt mortgage initiative so far,…
Banks to be closed in Egypt next Monday
Egyptian banks will be closed next Monday, the Central Bank of Egypt (CBE) said Wednesday in a statement. As…
Dollar exchange rate sees slight hike in Egyptian banks
U.S. dollar prices against the Egyptian pound increased in several Egyptian banks on Sunday. According to the…
Deposits at Egypt banks hit new high at August-end
Deposits at banks operating in Egypt hit new record, rising to 3.124 trillion Egyptian pounds ($177 billion) at the…
Egyptian banks net profits grow 48% end-2016
Egypt’s banks made 62 billion Egyptian pounds ($3.5 billion) in net profit at the end of 2016 from 34 billion…
Egyptian banks have provided $55.1 bln to fund trade since pound float
Egyptian banks have provided around $55.1 billion to fund trade since the country floated its currency in early…