List of Banks in Egypt
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CIB appoints Hisham Ezz Al-Arab in new term as CEO
Ezz Al-Arab has served as the CIB's Non-Executive Chair since March 2023.
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NIB, Egypt post collaborate to enhance financial stability
This partnership aims to strengthen the NIB's pivotal role as a key economic and investment driver crucial for advancing development goals.
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Egypt, Citigroup mull cooperation to promote macroeconomic stability
Egypt endeavors to achieve economic and structural reforms and lure foreign direct investments (FDIs).
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NBE, Banque Misr raise limits of credit card withdrawals outside Egypt to $5,000
At the same time, they raised the monthly purchase limit to $6,000 for the highest category of credit cards.
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NBE Raises Limit for Traveling Clients to USD 5,000
The bank also announced an increase in the foreign currency spending limits on its credit cards for transactions outside of Egypt.
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Anticipation builds for CBE decision on interest rates Thursday
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday to decide on interest rates.
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IMF forecasts rise in Egypt gross international reserves
The International Monetary Fund (IMF) has projected a substantial increase in Egypt's gross international reserves.
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CBE reports first profit in seven years
The CBE also reported a rise in total assets, reaching EGP 6.057trn in June 2024, compared to EGP 4.480trn in June 2023, an increase of EGP 1.6trn.
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Egyptian banking sector records $13.25bn NFA surplus in July, marking continued growth
This marks an increase from the previous month’s surplus of $13.02bn (EGP 626.6bn) in June.
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Arab African International Bank reports net profit of USD 156MM
Arab African International Bank reports its separate financial statements for the first half of 2024 with a net profit of USD 156MM.