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Valu announces rebrand as it repositions as a fintech player
PLUS: The company plans to apply for a fintech license and securitize another EGP 1 bn of its portfolio
CIB appoints Jawaid Ahmed Mirza as non-executive board member
Mirza previously spent almost 12 years at the bank between 2008 and 2019
CI Capital revenues nearly double in 1H 2023
The group’s loan book reached a record high of EGP 20 bn during the six-month period
Due diligence on United Bank hasn’t started yet, says CBE
Due diligence will begin by the end of September, central bank says
Updates on stake sales for United Bank, BdC
It’s unclear whether PIF is still interested in United Bank
THIS EVENING: Three banks are reportedly eyeing a stake in United Bank
Good afternoon, wonderful people, and welcome back to the grind after what we hope was a restful weekend. We’re starting…
Banque Misr’s MDI applies for digital banking license. PLUS: Cairo Metro Line 3, B.TECH + outsourcing
MDI is the first company to apply for a digital banking license
Hassan Abdalla to lead the central bank for another year
Abdalla has presided over sweeping policy changes including the EGP deval
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