Latest in Banking Highlight
Latest in Banking
Bank is moving to open branches, plans to launch a number of e-banking services in next few months
Visa seeks to expand acceptance of digital payments in Egypt in cooperation with financial institutions, Egyptian government, FEDCOC, service providers
Crédit Agricole Egypt launched banki Wallet, offering individual clients a new method for easy, secure payments
Bank is targeting to issue 2.5 million Meeza cards in three years
Bank intends to launch corporate Internet banking and mobile banking soon to reach the various customer segments and meet their needs
Largest ten banks in Egypt hold more than 81% of credit and debit cards
Investors’ shift from T-Bills to T-Bonds reflects positive change in their macroeconomic outlook of Egypt
Loan to finance 50% of new mall on Cairo-Sokhna road
CIB chief calls for early warning systems to combat financial crime on continent
A complete suite of solutions for managing foreign exchange flows, trade settlement in RMB
Budget deficit projected to decrease to 8.2%, 7.2% of GDP in FY 2018/19-2019/20, respectively
We have many ambitious goals to achieve our strategic vision, says Fayed
Government sources told Daily News Egypt that the decision was taken by the Minister of Finance, Mohamed Moeit, to unify procedures for all customs’ items.
“We aspire to be an educational ‘beacon’ for all employees in the African banking sector,” says Nosseir
Private sector accounts for 60.8% of total facilities, with industry in the lead, says CBE
Deposit growth fell to 11.34% in May from 11.46% in April
The CBE said in a recent report that these debts include $21bn of interest on paid loans and $5bn of debt services.
Banks cut interest rates amid noticeable reservation so as not to affect their liquidity in local currency
CIB chairperson reveals that the development process includes infrastructure, roads, water delivery, schools, sanitation
Yield on T-bills on Sunday’s auction dropped by 0.75-1.5%
Banks are likely to extend deposit maturity to grant long-term loans without exceeding interest risk limit set by CBE
Monetary easing cycle to create jobs, positively reflect on middle class, say experts
Government welcomes decision, investment banks forecast further cuts by end-2019, depositors are most affected,
Deposits up EGP 3.1bn, loans grow by EGP 1.24bn, capital adequacy ratio climbs to 19.95%
Experts forecasts further cut before end-2019, debt instruments remain attractive
CBE slashed overnight deposit rate, lending rate, and the rate of main operation to 14.25%, 15.25%, and 14.75%, respectively.
Falling inflation and US interest paves the way for CBE to cut its core interest rates, say analysts
Bank’s credit portfolio increased to EGP 11bn end-July, of which EGP 1.6bn were loans to individuals, and EGP 3.2bn to SMEs, says Azzam
CBE set accepted yield minimum at 1.4%, maximum at 1.5%, average at 1.49%
Fayed statement came on the sidelines of the loan signing ceremony with real estate developer Inertia. He explained that the offering would be through a capital increase and the sale of a stake to a strategic investor, targeting around $300-400m.