BANKING

18 Aug 2018

Afreximbank posts $343m H1 revenue

Despite the undulating global business terrain, the African Export-Import Bank (Afreximbank) has posted a gross revenue of $343 million as contained in its unaudited financial statements for the half-year period ended 30 June 2018, that was released, on Friday, in Cairo.

The"...

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16 Aug 2018

Egypt's central bank expected to keep rates until inflation steadies

Egypt's central bank is expected to keep interest rates unchanged at its next policy meeting and hold back on more rate cuts this year until inflation steadies, a Reuters poll showed on Tuesday.

Twelve economists"...

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15 Aug 2018

Egypt's central bank expected to hold rates as it eyes inflation

Egypt’s central bank is expected to keep interest rates unchanged at its next policy meeting and hold back on more rate cuts this year until inflation steadies, a Reuters poll showed on Tuesday.

Twelve economists"...

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14 Aug 2018

National Bank of Egypt upgrades UK treasury and risk management operations with Finastra

Finastra today announced that National Bank of Egypt (UK) Limited is deploying Fusion Treasury and Fusion Risk. The treasury and risk solutions will be tightly integrated with the bank’s existing Fusion Equation core banking system –"...

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14 Aug 2018

Zewail City of Science and Technology and NBK ink cooperation protocol to fund 10 scholarships over a period of 5 years

Our cooperation with Zewail City is an integral part of the bank’s corporate social responsibility...the City sets an ideal model of the trustworthy institutions that strive to utilize the support and assistance they receive in the best way possible

Zewail"...

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12 Aug 2018

Egypt plans renewal of currency swap deal with China next Dec.: Amer

Egypt expects to renew a bilateral currency swap deal worth $2.7 billion with China by next December, central bank governor Tarek Amer said on Thursday.

Egypt’s central bank signed an 18 billion yuan-currency"...

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11 Aug 2018

Central Bank of Egypt Denies False Tax Reports

The Central Bank of Egypt (CBE) has dismissed reports today that it has allegedly directed the country''s banks to freeze customers'' deposits in order to collect real estate taxes.

In recent days,"...

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11 Aug 2018

News Analysis: Why banking deposits up in Egypt despite hiking prices?

Banking deposits have increased despite unprecedented hiking prices of services and commodities in Egypt.

'The Egyptians' deposits haven't negatively been impacted with the economic developments over"...

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11 Aug 2018

News Analysis: Why banking deposits up in Egypt despite hiking prices?

Banking deposits have increased despite unprecedented hiking prices of services and commodities in Egypt.

'The Egyptians' deposits haven't negatively been impacted with the economic developments over"...

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09 Aug 2018

Egypt’s PM inaugurates the 41st meeting of AACB

Egypt’s Prime Minister Mostafa Madbouly has inaugurated a meeting of the Association of African Central Banks (AACB) today.

Egypt’s Prime Minister Mostafa Madbouly asserted Egypt’s keenness on"...

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