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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The net loans and advances reached EGP13.8 billion at year-end 2015, up 37.4 per cent compared to the previous year.
31.03.2016 GDN online
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The central bank issued a nine-year term limit for banks top executives, described as an effort to revitalize the industry.
25.03.2016 The Daily Star
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CBE, other parties still studying issue of sale, we have not received instructions so far, says El-Kady.
20.03.2016 Daily News Egypt
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Egypt devalued its currency by about 13 percent at a local sale of greenbacks on Monday and said it would adopt a more flexible exchange rate.
16.03.2016 Bloomberg Business
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Tuesday’s auction was the second consecutive day in which the CBE issued an exceptional tender to inject foreign currency liquidity into banks.
16.03.2016 Star Africa
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CBE will hold an exceptional dollar auction for $1.5bn on Wednesday to cover the outstanding debts importers owe to the banks in foreign currency.
16.03.2016 albawaba
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Egypt's foreign currency reserves have declined by more than half since 2011, reaching $16.534 billion in February.
14.03.2016 Ahram Online
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Attijariwafa, which already has a presence in 24 countries, including 14 in Africa, is interested in bidding for the Egypt business.
10.03.2016 Money Market
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The CBE noted that the measures are meant to facilitate individuals’ transactions with banks operating in Egypt.
09.03.2016 Star Africa
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Egypt’s reserve of foreign exchange increased from $33.16 billion at the end of October 2015 to the end of the $533.16 billion last February.
04.03.2016 Star Africa
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