April 8, 2021

CIB 1st bank to support climate-related financial disclosures task force in Egypt

The Commercial International Bank (CIB) – Egypt announced, on Wednesday, its support for the recommendations outlined by the Task Force on......

April 7, 2021

Banks in Egypt see EGP 50.921bn increase in net foreign assets in February 2021: CBE

The Central Bank of Egypt (CBE) has revealed that the net foreign assets in the country’s banking sector increased by EGP 50.921bn in February......

April 6, 2021

CBE, Supply Ministry sign finance agreement to develop bakeries through banks

The Central Bank of Egypt (CBE) and the Ministry of Supply and Internal Trade have signed an agreement to provide the finance needed to develop Eish......

April 1, 2021

Suez Canal Bank’s shareholders approve dividends-Egypt

rabFinance: Suez Canal Bank’s (CANA) ordinary general assembly approved the distribution of EGP 740,326,000, an equivalent of 0.32014818 free......

March 31, 2021

Alexbank participates in fintech initiative

ArabFinance: Alexbank took part in FinYoLogy-FinTech for Youth initiative that is organized by FinTech Egypt, an affiliate of the Central Bank of......

March 31, 2021

CBE Governor, South Korea Ambassador discuss strengthening bilateral cooperation

The Central Bank of Egypt (CBE) Governor Tarek Amer has met with Ambassador of South Korea to Egypt Hong Jin-wook to discuss ongoing cooperation......

March 28, 2021

Agricultural Bank of Egypt expands ‘Bab Rizq’ microfinance programme to 150 branches

Alaa Farouk, Chairperson of the Agricultural Bank of Egypt (ABE), has announced that the bank’s Bab Rizk programme for microfinance will be......

March 25, 2021

Central Bank of Egypt directs for simplified bank account opening procedures

The Central Bank of Egypt (CBE), in coordination with the Egyptian Money Laundering and Terrorist Financing Combating Unit, has issued guidelines......

March 23, 2021

Discover Announces Alliance with Malaysia’s PayNet to Expand Worldwide Acceptance

Discover, a leading digital bank and payments company, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central......

March 22, 2021

Central Bank of Egypt offers EGP19 billion worth of treasury bills

CAIRO: The Central Bank of Egypt on Sunday issued treasury bills worth EGP19 billion ($1.21 billion) on behalf of the Finance Ministry. Governments......