NBE holds 29% of deposits, 21.2% of retail loans in Egyptian banking sector
Bank achieved 17% growth in deposits to EGP 1.186bn end-June 2019, retail loans to EGP 73bn, says Aboul Fotouh
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Banking sector maximised market suffering, head of automotive division at CCC unveiled
Customers coped by purchasing Chinese cars due to their lower prices, or buying second-hand vehicles
Egypt’s economy growth potential considered enormous, subsequently banking sector: Abaza
Egyptian market filled with lucrative, untapped opportunities, says CEO, board member at CIB
Egypt’s banking sector strongly supports women
The CBE is set to sign an agreement to launch “Women leading the future” program, and the banks direct a large part of their funds to women
Can the banking sector achieve financial inclusion alone?
The CBE holds the largest international conference on financial inclusion from 13 to 15 September, with the participation of more than 94 countries and 119 international institutions
Improvement witnessed in banking sector deposits growth: Beltone Financial
Commercial banks’ foreign liabilities decreased to $430m in April from $10.7bn in November
Egyptian airports showed 22.9% less traffic in 2016: EAC
Between 2007–2016, 2010 witnessed the highest traffic with around 40.2 million passengers
Banks pose new restrictions to confront saving certificates leveraging scheme
A number of banks in Egypt have developed new restrictions for granting loans guaranteed by deposits, both short-term deposits and saving certificates. This aims to put an end to the phenomenon—also known as leveraging—that swept through banks in the past few days. Over the week, banks have noticed an increase in appetite from customers to …
Egypt’s banking sector needs new policies to thrive: Booz Allen Hamilton
Egypt has been in a gradual state of banking consolidation in which the number of banks operating in Egypt has decreased from 61 in 2004 to 40 banks licensed by the CBE in 2015
Egypt’s banking sector is strong and capable of supporting economy, providing funding for projects: banking leaders
Positive effects from the IMF deal can already be seen, says Ozalp
NBE, CIB, Banque Misr, QNB Al-Ahli, HSBC hold over half of banking sector’s total profits as of December 2015
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015
Five banks acquire 59.6% of banking sector total assets: CBE
Top ten banks acquire 72.4% of total deposits, 67.6% of loans, from among 40 banks operating in local market
Pardon me CBE, it is none of your business
I was surprised and very distressed after reading about the resolution issued by the Central Bank of Egypt (CBE) last weekend setting a maximum of nine years, consecutive or otherwise, for CEOs to maintain their position at banks. If this period is exceeded, the CEO will continue until the adoption of the annual financial statements …
EBI to hold conference on risk management in the banking sector
The conference will be held under the auspices of governor of the Central Bank of Egypt (CBE) Tarek Amer; the discussion will focus primarily on the latest developments of risk management in banks
Banking sector witnesses major shift in methods of providing services
Greater reliance on technology alongside declining role of traditional branches
Banking sector rejects value-added tax, seeks CBE’s assistance
Sources believe Amer is likely to agree to Federation of Egyptian Banks memo to reject tax
Temenos plans will launch electronic platform to enable banking sector apps
700 banks around the world use our major programme T24
Banking sector shaken by raised NBE, Banque Misr interest rates
Intensified meetings in banks to discuss the move’s effects on customer deposits
Banking sector speculates over Ramez’s next step after CBE resignation
Ramez will head the AIB instead of Gamal Negm who will supposedly retire, according to sources
Moody’s stable outlook for banks followed positive performance: Banking expert
Ratings agency Moody’s upgrades banking sector outlook from negative to stable
NBE’s pre-tax net profit grows 25% in 1H FY 2014/2015
The bank has pumped EGP 3.5bn into SMEs sector
6 banks request Citibank Egypt retail business acquisition
Applicants include CIB, Abu Dhabi Islamic Bank, Emirates NBD and Mashreq Bank
Emirates NBD Egypt net profit hikes 22% in 2014
Total assets increased by 20%, registering over EGP 24.3bn
EBI reaccredited by ACCET for 5 years
The institution was previously accredited for 5 years to 2014
Citibank Egypt still studying banks’ offers to buy its consumer business
Vice president denies 9 banks have offered purchase
Numerous public bank officials resign to protest maximum wage
New maximum wage sets wages at 50% less than original wages, resigned NBE official says
BNP Paribas Wealth Management wins private bank awards for Europe, North Asia
Awards confirm their position as a “reference private bank”, say Wealth Management co-CEOs
Banking deposits grow 20.2% in July: IDSC
Credit granted to agriculture, trade, industry, and services grows 4.8%
Overview of banking sector performance over FY 2013/2014
Daily News Egypt takes a closer look into the banking sector’s performance over the past fiscal year, with examples of the financial results of state-owned, private and Islamic banks
Citibank to launch new payment channels in 2014: Vice president
The bank is preparing new customer services which include the launch of two new premium cards products, Arif Raza says