List of Banks in Egypt
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NBE, Banque Misr offer new dollar certificates
Banque Misr and the National Bank of Egypt are now offering up new US dollar savings certificates, characterized by high returns.
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Due diligence on Egypt’s United Bank to kickstart end of September: CBE
The due diligence for the acquisition of the United Bank is scheduled to start by the end of September 2023.
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Egypt authorizes IFC to issue local currency bonds in global markets
The Egyptian Cabinet has approved permitting the IFC, to issue Egyptian pound bonds in international markets.
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Egyptian President extends Hassan Abdalla's term for one year
Abdalla succeeded the former governor Tarek Amer, who resigned from the position a year before the end of his term.
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Egypt: Saib Bank reports 78% growth in profits in 1H 2023
The bank’s financial statements revealed an increase in net income from return in local currency by 58%.
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NBE raises return on triple savings certificate to 19.5%
The periodicity of disbursing the return on this type of certificate is quarterly, the minimum purchase period and duration is 3 years.
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Al Baraka Bank records $51mln in profits in 1H 2023, with 38% growth
The standalone financial indicators of Al Baraka Bank during the first half of 2023 showed that a rate of return on average assets was achieved by 2.2
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Egyptian pound devaluation expected amid inflation concerns, interest rates rise: Capital Economics
The sudden 100 basis point hike, raising the rates to 19.25 percent, took the majority of analysts, including Capital Economics, by surprise.
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Egypt's central bank auctions €600 mln in treasury bills on Monday
The Central Bank of Egypt (CBE) auctioned €600 million ($656.29 million) worth of treasury bills on Monday, according to the bank's website.
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IMF to review Egypt’s reform program twice in September
The IMF’s first review was originally scheduled for March, but failed to take place.