CBE: Egyptian banks maintain low exposure to market risk, below 3%
Egypt's banking sector faces a low level of market risk, with exposure accounting for less than three per cent of…
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Egypt’s Banking Sector
CBE: Egypt’s banking sector net profit soars 118.9% in FY23
Egypt's banking sector saw a 118.9 per cent increase in net profit for fiscal year 2023, surpassing the 29.8 per…
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…
Egypt’s bank lending hits EGP 6.831t by end of April ’24
Egypt's banking sector saw a notable increase in loan balances to 6.831 trillion Egyptian pounds by April 2024.
S&P Global upgrades Egypt’s outlook to positive
S&P Global Ratings upgraded Egypt’s outlook to positive, maintaining its B-/B long and short-term foreign and…
Moody’s reveres outlook of 5 Egyptian banks’ to positive
Moody's Ratings affirmed ratings and assessments for five Egyptian banks and reversed their outlook from negative…
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…
