Latest in Banking Highlight
Latest in Banking
About EGP 180bn has been invested in 120,000 companies as part of CBE initiative to support MSMEs, says CBE Governor
Bank’s portfolio of customer loans and facilities achieves 8.6% growth to EGP 21.4bn
Bank sells its entire stake in MIDOR to EGPC for $30.6m
Annual headline urban inflation declines to 4.2% in July, from 5.6% in June 2020
Egyptian banks to support new accounts at no minimum amount or fees, free e-payment cards
The new Navigator report, “Building Back Better”, from HSBC Commercial Banking, shows that many firms neglected contingency planning in key operational areas such as technology, finance and sustainability prior to the crisis.
Bank’s mortgage finance portfolio has doubled to 8,000 clients
Several banks have shown interest in buying BLOM Bank – Egypt, but Emirates NBD is making most moves to seal acquisition deal
Loan to finance 50% of total estimated investment cost of Mall of Katameya’s second phase
Market anticipates CBE announcement, on Monday, regarding inflation in July 2020
Egypt’s international reserves consist of foreign currencies, gold, special drawing rights (SDR), and net IMF loans. The FX reserves support the local currency, whilst fulfilling the country’s overseas obligations, and guaranteeing Egypt’s imports of basic commodities for several months.
In exclusive statement to Daily News Egypt, El-Etreby said that the donations have been given to a fund devoted to this matter.
The CBE added that demand deposits recorded about EGP 482bn, of which about EGP 192.22bn was by the household sector, and about EGP 31.3bn for the public sector. The private sector accounted for about EGP 258.5bn of the whole figure.
Auctions part of government plan to borrow EGP 600bn from local market in Q1 of FY 2020/2021
El-Kabbaj said the meeting dealt with a range of topics, including the restructuring of the Board of Directors to include a select group of experts in economics, Islamic finance, banking, and the legal sector
Gold remains safe haven in light of continuing global storms, says Abdel-Aal
After coronavirus, digitalising financial services become necessary to ensure customers’ comfort, safety, says Credit Agricole official
AOI Chairperson Abdel Moneim El-Terras stressed that the agreement reflects President Abdel Fattah Al-Sisi’s directives regarding Egypt’s digital transformation. He also emphasised that AOI has allocated all its capabilities and technological expertise to developing Egypt’s banking institutions.
NBE donates EGP 8bn in past 6 years, while Banque Misr gives away EGP 3.2bn in 5 years
The approval was given after a standing vote on the new law, with a two-thirds majority of the parliament members voting their approval.
This is applicable on natural or legal persons regardless of their activity. Moreover, the door for appeals will be opened to taxpayers again.
Banks records sharp 45% increase in company’ digital transactions and 35% for individuals
Bank allocates EGP 600m to comprehensive technological development, establish electronic branches, expand geographical spread, says Fahmy
Total deposits see 14.33% growth in April, compared to 13.9% in March; foreign currencies share fell to 17.01%
Total deposits up by EGP 92.4bn, total loans rise by EGP 91.9bn
Bank made allocations of EGP 2.260bn, compared to EGP 795m during same period in 2019
Crédit Agricole Egypt has successfully become market player and partner to Egyptian economy, says Pierre Finas
Daily News Egypt monitors profit decline of 12 banks out of 16 surveyed
Egypt’s import bill has generally decreased, on back of commensurate decrease in demand for foreign exchange, says economic expert
Hammad will also be responsible for managing standard customer experience and quality management, in addition to direct sales teams.