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…
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egyptian banks
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…