Latest in Banking Highlight
Latest in Banking
Bank is providing EGP 20m in aid to support 1,500 families
saib acted as bookrunner and agent of the deal, while the National Bank of Egypt participated as a bookrunner and financing promoter, and the Suez Canal Bank also served as bookrunner.
Bank concludes 6 financing deals of total EGP 15.4bn
Banks make donations as follows, EGP 80m from NBE, EGP 40m from Banque du Caire, and EGP 20m from EBE
Policies issued in cooperation with Misr Life Insurance
The CBE added that its consumer price index (CPI) inched up to 0.4% in March, compared to 0.2% in February and 0.5% in March 2019.
Banks given 3 months to filter databases, 12,000 companies, 320,000 citizens benefit from decision
The bank’s total finances increased to EGP 1.6trn in June 2019, compared to EGP 1.5trn in June 2018. Equity amounted to about EGP 110bn in 2019, compared to EGP 92.2bn in the year before.
CBE stresses importance of using electronic payment channels to limit virus spread
Bank’s consolidated net after-tax profits reach record high of EGP 2.2bn in 2019
Bank donations divided into four segments according to 2019 profits
CBE sets daily limit for cash deposits, withdrawals in branches of EGP 10,000 for individuals, EGP 50,000 for companies
Banks reveal initiative details initiative, microloans in trouble
Global crises, like the coronavirus outbreak, examine the strength of Egyptian monetary policy , Mohamed Abdel Aal
New saving certificates issued by NBE and Banque Misr gain LE 10.7 bn in two days.
Initiative allows access to subsidised loans at declining 8% interest rate
Evaluation covers technical knowledge, English language tests, behavioural assessment, says Nosseir
The protocol was signed by Alaa Farouk Zaky, Chairperson of the bank and Moustafa El Sayyad, Deputy Minister of Agriculture for Livestock, Fisheries and Poultry Affairs.
Government halts administrative distraint on defaulters in tourism sector for one year
Vice Chairperson and CEO of NSB Sharif Farouk denied what was reported about the bank not adhering to the CBE instructions due to his affiliation to the Ministry of Social Solidarity, noting that the bank coordinates with the CBE in this regard.
80% of NBE’s certificate sales took place online
CBE included microfinance sector in the initiative on Monday
Okasha as deputy chairperson, Abaza as treasurer
Initiative includes clients of financial leasing, real estate, factories , SMEs, personal loans, car loans, credit cards
Bank has 1.31% market share of total loans, 1.47% deposit market share: El Khouly
To ensure safety of customers, employees, new certificates to be available only via mobile, internet banking, call centres, email: Banque Misr chairperson
The CBE added that issuing the prepaid cards to citizens will be free of charge for a period of six months, provided that the cards are contactless, if a bank starts issuing this type of cards.
The CBE added that remittances in the second half (2H) of 2019 surged by about $1.6bn to $13.7bn, compared to $12.1bn in the corresponding period in 2018.
CIB suspends all internal activities including gatherings in large numbers, limits training to online courses
CBE has taken strong measures in anticipation of possible impacts of global conditions on Egypt’s economy, says Tarek Amer