Latest in Banking Highlight
Latest in Banking
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
Long-term dues account for 90.2% of country’s total external debt
Outlook for near term growth in global economic activity expected to be affected by second COVID-19 wave, preventive measures
Intra bank transfers to be carried out in 2 hours, while interbank transfers in 3 hours
FX reserves increase by about $364m to $35.399bn in December
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 …
According to the central bank imitative loan period ranges from seven to 10 years, with the repayment to be made in equal monthly instalments
The Central Bank of Egypt (CBE) has announced it has received 35 offers worth $1.0511bn from local and foreign investors, to cover a US dollar-denominated Treasury bills (T-bills) auction.
The Central Bank of Egypt (CBE) has decided to extend its initiatives to support defaulters, whether individuals or tourism companies, for a further six months.
The capital gain on the recent 24% stake sale of Aman for Non-Banking Financial Services (ANBFS) to the National Bank of Egypt (NBE) could amount to about EGP 400m, a source has exclusively told Daily News Egypt.
The Central Bank of Egypt (CBE) will issue, on Monday, a tender for one-year US dollar-denominated Treasury bills (T-bills), worth $850m, due on 4 January 2022.
Local currency is likely to see further gains against US dollar in 2021
Banking sector has witnessed high financial stability in past years, allowing it to deal with many crises, contain their repercussions
€425m to support Egyptian SMEs, mid-caps
National Bank of Egypt Chairperson Hisham Okasha said that this step is an important step for the bank towards reducing cash transactions
The Commercial International Bank (CIB) announced, on Wednesday, that it has furthered its commitment to environmental transparency by disclosing its environmental impact through the Carbon Disclosure Project (CDP).
Egyptian economy contained reversal in portfolio investment flows thanks to its relatively stable foreign currency sources and large net foreign reserve
Accordingly, these acquisitions will increase the consolidated assets of Capital Bank to 3.6 billion Jordanian dinars, the bank group said in the statement.
Extension reflects CBE’s keenness to protect national economy, preserve gains of reform
The Arab Monetary Fund (AMF) has announced that its Buna payment platform has conducted the first cross-border transaction in UAE Dirham (AED), between the UAE’s Mashreq Bank and Egypt’s Banque Misr.