Latest in Banking Highlight
Latest in Banking
saib Bank opens first innovative financial education centre as part of digital development plan, aims to have four centres in 2021
The CBE decided on Thursday, to keep the basic interest rates at 8.25% for deposits, 9.25% for lending, and 8.75% for main operation rate.
Bank to offer Egyptian merchants state-of-the-art N-Genius™ payment platform
Banks working in Egyptian market have donated over EGP 750m towards this cause
In its last meeting for 2020, Bank decided to maintain deposit and lending rates at 8.25% and 9.25%, respectively
The Commercial International Bank (CIB) announced, on Tuesday, that it has been included on the 2021 Bloomberg Gender-Equality Index (GEI). The Bloomberg GEI is the world’s comprehensive, investment-quality data source on gender equality at publicly-held companies. The 2021 Bloomberg Gender-Equality Index includes 380 global companies spanning 11 sectors, representing 44 countries and regions. Collectively, the …
Inclusion is bank’s third consecutive year of recognition for its strides in gender equality
Household sector added EGP 643.108bn in local currency deposits during 2020
Net sales of former NIB’s certificates stood at about EGP 435bn in 2020
Bank Audi – Egypt has revealed that its total assets rose to EGP 85.6bn at the end of 2020, compared to EGP 75.3bn at the end of 2019. The latest figures represent an increase of EGP 10.3bn, and a growth rate of 13.7%.
CIB presents 2020 digital transformation results amid COVID-19
Bank’s SMEs, retail banking portfolios increase to EGP 5.8bn, EGP 1.9bn respectively
Bank to provide payment facilities to City Edge customers, mainly mortgage finance with 20-year repayment period within Central Bank’s initiative
Initiative includes EGP 3.9bn for principal debt and EGP 2.4bn for accumulated returns
Bank’s customer base rises to 15.4 million, of whom 5.4 million subscribers to Al Ahly Net service, with EGP 417bn transaction volume
Team will help institutions, corporates, and individuals’ transition to more sustainable economy
Bank eyes continued expansion in Egyptian market, targeting 25% growth rate by 2021 end
This agreement represents first tranche of €750m agreed upon earlier
Transaction is expected to be completed within next few months
Award launched in celebration of the bank’s five years of sustainability reporting
Real GDP growth records -1.7% in Q2 of 2020, before recovering to 0.7% during Q3 of 2020
Subsequent inflation target has been set at average of 7% (±2%) during Q4 of 2022, as announced in December 2020
A definitive agreement has been signed by BLOM Bank and the Arab Banking Corporation (Bank ABC) that will see the former sell its entire 99.4% stake in its Egypt operations to the latter. In an announcement by the two sides, the sale will take place subject to its obtaining the necessary approvals from the Central …
HSBC has ambitious business plans in the Middle East, North Africa and Turkey (MENAT), where a rebound in GDP and international trade will position the region as one of the fastest growing in the world over the coming decade. As the nine markets in which the bank operates in the region bounce back from the …
Bank’s report highlights its keenness to preserve environment and commitment to Paris Climate Agreement’s target of reducing carbon emissions
BLOM Bank Egypt employees expect new owners’ delegation to review work system
Decision aims to maintain banking sector’s integrity, take proactive steps to meet potential risks, say bankers
The Central Bank of Egypt (CBE) Governor, Tarek Amer, has held a high-level ministerial meeting to discuss methods of supporting the tourism sector during the novel coronavirus (COVID-19) pandemic.
According to the ECB, a digital euro would be an electronic form of central bank money accessible to all citizens and firms.
Banks will not make cash dividends from profits or retained earnings to shareholders in anticipation of potential risks associated with pandemic