Latest in Banking Highlight

Latest in Banking


The Central Bank of Egypt (CBE) has launched a new EGP 15bn initiative to finance the dual-fuel vehicle conversion plan, with a lump-sum return of 3%.

Central Bank of Egypt issues instructions to manage operating risks at banks

The Central Bank of Egypt (CBE) has issued new instructions regarding the management of operation risks at banks working in the Egyptian market. The CBE also said that it is continuously following up on and applying international practices in the field of banking supervision in the Egyptian banking system. This takes place by regular observation …

Hossam Mounir

Hisham Okasha, Chairperson of the National Bank of Egypt (NBE)

Egyptian expats will be able to transfer remittances through post offices

National Bank of Egypt (NBE) and Egypt Post on Tuesday signed a memorandum of understanding (MoU) to allow the transfer of remittances through post offices. Hisham Okasha, Chairperson of the NBE, said that this cooperation comes within the strategic partnership between the two sides, which would facilitate the disbursement of remittances through post offices. The …

Hossam Mounir

Egypt’s Banque Misr, Commercial Service join forces to boost exports

Egypt’s Banque Misr, Commercial Service join forces to boost exports

Egyptian Commercial Service (ECS) and Banque Misr have signed a cooperation protocol to launch finance programmes for supporting Egyptian exports to global markets in general, and Africa in particular. Egypt’s Minister of Trade and Industry Nevine Gamea and Vice Chairperson of Banque Misr Akef Al-Maghrabi witnessed the signing ceremony of the cooperation protocol. Gamea said …

Hossam Mounir