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…
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Egypt’s Banking Sector
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 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…
Egypt’s central bank receives ISO certification in business continuity management
Egypt’s central bank has announced on Saturday that it had successfully received the ISO 22301:2019 certification…
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…
Egypt banking sector assets rise 1.2% in July – c.bank
The value of assets held by Egypt’s banking sector rose 1.2 percent to 5.140 trillion Egyptian pounds ($286.36…
Booz Allen Hamilton: Egypt’s banking sector needs new policies to thrive
The American management consulting firm Booz Allen Hamilton released a report entitled The New Economic Norm: How…
Fitch: currency devaluation ‘moderately positive’ for Egyptian banks in long term
The recent devaluation of the Egyptian pound against the US dollar will likely be supportive of foreign currency…
