banking

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......
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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......
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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......
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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......
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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......
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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......
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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......
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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......
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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......
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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......
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EIG Signs $12.4 Billion Infrastructure Deal with Aramco
