Latest in Banking Highlight
Latest in Banking
Auctions part of government plan to borrow EGP 600bn from local market in Q1 of FY 2020/2021
El-Kabbaj said the meeting dealt with a range of topics, including the restructuring of the Board of Directors to include a select group of experts in economics, Islamic finance, banking, and the legal sector
Gold remains safe haven in light of continuing global storms, says Abdel-Aal
After coronavirus, digitalising financial services become necessary to ensure customers’ comfort, safety, says Credit Agricole official
AOI Chairperson Abdel Moneim El-Terras stressed that the agreement reflects President Abdel Fattah Al-Sisi’s directives regarding Egypt’s digital transformation. He also emphasised that AOI has allocated all its capabilities and technological expertise to developing Egypt’s banking institutions.
NBE donates EGP 8bn in past 6 years, while Banque Misr gives away EGP 3.2bn in 5 years
The approval was given after a standing vote on the new law, with a two-thirds majority of the parliament members voting their approval.
This is applicable on natural or legal persons regardless of their activity. Moreover, the door for appeals will be opened to taxpayers again.
Banks records sharp 45% increase in company’ digital transactions and 35% for individuals
Bank allocates EGP 600m to comprehensive technological development, establish electronic branches, expand geographical spread, says Fahmy
Total deposits see 14.33% growth in April, compared to 13.9% in March; foreign currencies share fell to 17.01%
Total deposits up by EGP 92.4bn, total loans rise by EGP 91.9bn
Bank made allocations of EGP 2.260bn, compared to EGP 795m during same period in 2019
Crédit Agricole Egypt has successfully become market player and partner to Egyptian economy, says Pierre Finas
Daily News Egypt monitors profit decline of 12 banks out of 16 surveyed
Egypt’s import bill has generally decreased, on back of commensurate decrease in demand for foreign exchange, says economic expert
Hammad will also be responsible for managing standard customer experience and quality management, in addition to direct sales teams.
Wilcox’s appointment was made with effect from 1 July, following the receipt of the required regulatory approvals. Joining from HSBC China, where he has been Deputy CEO since January 2018, Wilcox has extensive international banking experience. Of this, the last 15 years have been with HSBC in a series of leadership roles in Hong Kong, Brunei, Bermuda, and Canada.
About EGP 2bn in transactions undertaken using Meeza cards was in purchases and payments
NFA surplus with banks, CBE records about $5.3bn increase
Bank adheres to state precautionary measures from the very beginning to prevent spread of coronavirus
5 industries, including F&B and plastics, acquired 60%, or EGP 41bn, of total used balances granted under initiative, says source
MSME initiative was launched by the CBE in January 2016. It has achieved a record volume in facilities and loans granted by the end of March 2020.
New fund provides effective tool in cash management field, provides tax benefits, says bank chief
IBAN used in international transfers, standard method for accurate identification of bank accounts
Loan forms part of executive management plans to strengthen CIB’s capital base, in preparation for expected economic recovery
The article includes the payment of salaries for tourism sector workers for a period of three months starting in May 2020. The client must provide proof that salaries due in May have not already been paid.
Mohamed El-Etreby, FEB Chairperson stressed that there are no Egyptian banks, or banks operating in Egypt that purchased Ethiopian government bonds
The Business News Composite Index consists of four main indicators that address safety standards, rapid growth, customer satisfaction, and social responsibility. These four indicators are, in turn, based on a set of 16 sub-indicators.
Initiative aims to benefit clients of industrial, agricultural, and contracting private sectors whose annual work volume/revenues amount to EGP 200m or more