List of Banks in Egypt
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Banks to open accounts for free till end of March in celebration of International Women’s Day
On the occasion of International Women’s Day, banks will open accounts for free starting from March 8 to 31.
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The Central Bank of Egypt (CBE) amends withdrawal limits via PSP apps participating in IPN
The new withdrawal limits will be effective as of March 15th
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EGP flotation benefits Egyptian economy: Prime Minister
The flotation of the Egyptian pound since December under the new Extended Fund Facility programme with the IMF has benefited the industry sector.
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Egypt’s foreign debt falls from $155.7 bln to $154.9 bln in 1Q 2022/2023: CBE
The total debt services during the 1Q of FY2022/2023 inched down to $4.7 billion, compared to $6.2 billion registered in the 1Q of FY2021/2022.
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No withdrawal commissions when using bank ATM machines: Egyptian Banks Federation
It pointed out that cash withdrawal commissions relate to credit cards only when used in cash withdrawals from ATMs.
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Mastercard extends its partnership with the National Bank of Egypt
The partnership aims at bringing more unbanked and underbanked Egyptians into the formal economy.
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CAC: Egypt ranks first in Middle East to issue green sovereign bonds
The report pointed out that Egypt is the first country in the region to issue green sovereign bonds, with $750 million listed on the London Stock.
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18% return savings certificates can be redeemed starting March 22
The new push in the banking system will also to face the floatation of the pound and help customers with their life’s expenses.
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German Development Bank allocates Eur 41M to restore Aswan high dam
The funds will help renew the Aswan High Dam’s electric generators, which have been operating since 1960.
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Egypt's foreign reserves increase $128M by end of February
Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.