Latest in Banking Highlight
Latest in Banking
Volume of term deposits, proceeds of savings certificates in foreign currencies increased to EGP 503.085bn
Debt instruments worth EGP 587bn offered during Q1 2021/22, compared to EGP 644.5bn in Q4 of 2020/21: Ministry of Finance
This is compared to $5.1bn deficit last FY in wake of COVID-19 pandemic
Capital at banks amounts to EGP 177.92bn, reserves register EGP 347.826bn, provisions score EGP 165.588bn
Top 10 banks account for 87.84% of total profits recorded during Q1
This will see the precautions in place until 31 December 2021, rather than 1 July.
Bank serves as event’s Sustainable Finance Partner, showcases 4 green finance programmes
The partnership is taking place with the World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and a network of local partners on board.
CIB accounts for 44.27% of 12-bank profits, whilst HDB ranks second with net profit of EGP 620m
Bank continues positive business results supported by ambitious plans, strategies it was keen to implement for over 3 years, says Tarek Fayed
Urban inflation may rise gradually from 4.1% on an annual basis in April, to about 5.5% in September, says Radwa El-Swaify
New card will extend mobile financial services to underserved, unbanked segments of Egyptian society
CBE has facilitated procedures for granting finance without approved financial statements
10,000 micro-loans will be provided across Egypt, with maximum of EGP 250,000 per loan
National Bank of Egypt receives $100m from European Investment Bank to support SMEs
Facility is designed to finance Banque du Caire’s expansion across Africa
11% annual increase in remittances during March 2021 only
The Egyptian Banking Institute (EBI), the training arm of the Central Bank of Egypt (CBE), has signed a cooperation agreement with the leading assessment services company, Mercer Mettl.
Proceeds of this tender will be used to pay for previous tender launched by CBE on 9 June 2020, for which it obtained $509.3m
NBE tops technology index and top spender on social responsibility
Good results come due to clear development strategy through which HDB seeks to become among top commercial banks, said Chairperson Hassan Ghanem
Net foreign assets at banking system rise by EGP 155.3bn in 9 months
Net international reserves increase to $40.468bn in May
Sources indicated that Bedir is currently choosing between several offers from other banks operating in the Egyptian market, with his new position to be announced at a later time.
Bank’s financing for micro enterprises records about EGP 17.046m
Customer deposits at bank reach EGP 45.887bn in March 2021
Increase to be financed through EGP 3.627bn of retained earnings, EGP 63.18m from capital reserve, and EGP 65.213m from special reserve
Deposits up EGP 15bn from March 2020 through April 2021
Bank started 2021 on positive year following year marked by exceptional challenges and uncertainties, management said
Bank cooperated with Italian company SRM since 2015 to analyse actual performance of Suez Canal