A comprehensive overview of banks in Egypt - including state-owned, private, and international institutions, as well as the latest finance news. See also the
Top10 banks in Egypt.
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Egypt is holding negotiations with the International Monetary Fund (IMF) to enhance its rescue program to over $5 billion, according to a report by Bloomberg News.
15.10.2023 Reuters
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Moody's Corporation, the bond credit rating business, has downgraded five Egyptian banks in light of the country's declining debt affordability. The news came after the organisation downgraded the country's sovereign rating.
12.10.2023 Reuters
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CBE is expected to reach an agreement with the IMF in early 2024 to peg the pound to a basket of international currencies and gold.
11.10.2023 Ahram Online
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Several local banks suspended on Monday hard currency cash withdrawals and purchases made outside Egypt using debit cards, as per CBE instructions.
10.10.2023 Ahram Online
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The price of the US dollar remained stable against the Egyptian pound on Monday according to the Central Bank of Egypt and other banks. Click to read more about the currency rates.
10.10.2023 Egypt Independent
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The Central Bank of Egypt (CBE) issues LE 46.75 billion in treasury bills and bonds in two installments.
09.10.2023 EgyptToday
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The International Monetary Fund is “closely” engaging with the Egyptian authorities to achieve the much-delayed review of Egypt’s progress.
08.10.2023 alarabiya
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Arab African International Bank sent a notice to customers on Wednesday and Arab International Bank sent one on Thursday.
08.10.2023 alarabiya
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Egypt is required to pay $29.23 billion in external debt service in 2024, with $14.59 billion due in the first half (H1) of the year and $14.63 bln.
04.10.2023 Ahram Online
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The Arab African International Bank (AAIB) has introduced a new savings certificate providing the banking market's highest investment return, as announced in an official statement.
03.10.2023 Egypt Independent
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