List of Banks in Egypt
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CBE, EBC, MasterCard cooperate to implement rules governing e-payment
The tokenization technology replaces private customer data such as the payment card account number with a token.
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Egypt hosts World Bank's IFC summit to enhance women’s economic participation in MENA
Egypt hosted on Wednesday the International Finance Corporation's (IFC) summit on Law and Gender Conference.
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aiBANK Records Revenues worth 1.7bln During 2022
The bank has developed a clear strategy to invest in the human element through continuous human capital development.
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Egypt’s current account deficit sees 77.2% drop
During most of 2022, import restrictions were in place to tackle the North African country's current account shortfall.
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IMF Says Egypt Is Serious About Applying Flexible Exchange Rate
Egypt agreed a $3 billion program from the IMF last year, but billions of dollars in extra financing expected to come.
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Egypt’s NFAs deficit climbs by 7.3 percent in March says CBE
Total foreign assets in Egypt declined to LE 1.439 trillion ($46.5 billion) in March 2023 from LE 1.476 trillion ($47.7 billion) in February 2023.
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Mastercard teams up with Egypt’s CBE, EBC to develop tokenisation in local market
Tokenisation allows for seamless and secure digital transactions for millions of Egyptians, by replacing sensitive customer data with unique ids.
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S&P downgrades outlooks on 3 Egyptian banks to negative
This follows the agency’s revision of its outlook for Egypt from stable to negative on April 21st.
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Arab Bank Group profits grow by 30% to $216mln for the first quarter of 2023
The Group maintained its strong capital base with a total equity of $10.4 billion.
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EBRD approves new $100 mln loan for Banque Misr to finance MSMEs
In March, the EBRD’s Vice President for Banking Alain Pilloux told Ahram Online that the bank is projected to invest over $1.4 billion in Egypt.