List of Banks in Egypt
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Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency.
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Egyptian Banks Issue 30% Saving Certificates
The National Bank of Egypt (NBE) decided to offer a three-year certificate with a decreasing interest, at an annual price of 30% for the first year.
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CBE Eases Limits on Foreign Currency Credit Card Use
On Wednesday morning, the Central Bank of Egypt raised interest rates by 600 basis points, equivalent to 6%, to reach levels of 27.25%.
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Dollar soars to EGP 49.5 on first day of exchange rate liberalisation
The average price of the dollar in the banking market reached EGP 49.4743 for buying and EGP 49.5743 for selling, according to the CBE
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EBRD invests $95M in Egyptian banks, private sector during 2024
Egypt's broader efforts to increase the proportion of renewable energy in its total energy generation to approximately 42 percent by 2030.
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ADIB Egypt withdraws acquisition offer of Cairo National for Investment
The offer was originally submitted on 14 December 2023, according to a bourse filing.
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EBRD Board of Directors visits Egypt
Representatives of the EBRD Board of Directors will visit Egypt from 25 February to 1 March 2024.
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Details of the 40.5 percent high yield CDs from Emirates NBD – Egypt bank
The bank also announced the offering of an eight-year certificate with a variable return of 21 percent annually.
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30 million dollars to support small and medium enterprises in Egypt
ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks, and direct investments.
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Egyptian banks’ high-yield saving certificates garner record EGP 642 billion in 6 weeks
According to the reports, the National Bank of Egypt (NBE) attracted EGP 450 billion and Banque Misr collected EGP 227 billion.