EALB To Contribute With EGP 300 Mln To Hype Park’s Loan
The Egyptian Arab Land Bank (EALB) has approved to contribute with EGP 300 million to the EGP 1.3 billion…
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egyptian banks
CBE To Offer EGP 3 Bln Reopened Bonds
The Central Bank of Egypt (CBE) will offer EGP 3 billion ($495 million) in reopened five-year and ten-year bonds at…
BDAC Launches Micro Finance Service In Minya, Sharkia
The Bank for Development and Agricultural Credit (BDAC) said its micro-finances will be offered to more…
Banque Misr Raises Capital To Comply With Basel II, Offer Larger Finances: Experts
Bankers welcomed the move taken by Banque Misr to increase its capital by EGP 6.3 billion to reach EGP 11.3…
Banque Misr Receives EGP 6.3 Bln Capital Injection
The Egyptian government has decided to provide Banque Misr with EGP 6.3 billion (US$1.04 billion) in capital…
Misr Iran Bank’s Deposits Fell To EGP 5 Bln
Misr Iran Bank has continued to lose its deposits as they fell by EGP one billion to register EGP 5 billion in the…
IDBE Settles EGP 425 Mln Bad Debts For 80 Customers
Industrial Development and Workers Bank of Egypt has settled EGP 425 million worth of debts for 80 ailing customers…
Export Development Bank’s Investments Down To EGP 551.3 Mln
The Export Development Bank of Egypt (EDBE)’s investments in subsidiary and affiliated companies retreated to EGP…
CBE: Money Supply Rose 7.4% Yr/Yr In May
The Central Bank of Egypt (CBE) said on Thursday the M2 money supply rose 7.4% in the year to the end of May. Money…