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Net foreign assets at banks dip in March
Net foreign assets (NFAs) in Egypt’s banking sector dipped 13.7% m-o-m in March to reach USD 17.70 bn, from a…
CIB net income up 20% in 1Q
Leading private-sector bank CIB’s net income was up 20% y-o-y to EGP 2.87 bn in 1Q2021 compared to EGP 2.4…
CBE to issue regulatory framework for specialized banks by July?
Specialized banks could have a regulatory framework by July under proposed amendments to the newly passed Banking Act which would…
EFG Hermes set to transform into universal bank as SFE proves it’s serious about public-private partnership
EFG + SFE’s acquisition of AIB gets Cabinet nod: EFG Hermes and the Sovereign Fund of Egypt’s (SFE) acquisition of…
Earnings Watch: EFG Hermes, IDH
EARNINGS WATCH- EFG Hermes’ net income more than tripled to EGP 292 mn in 1Q2021, up from EGP 90 mn…
More leasing, please.
GlobalCorp Financial Services is in talks with seven banks to borrow at least EGP 1.4 bn to back its leasing…
Are we in for an IPO-heavy 2H2021?
The Egyptian Exchange could see as many as five more companies offer shares for sale before the year is out,…
Banque du Caire to launch its Tally e-payments arm by year-end
State-owned Banque du Caire will roll out its new e-payments arm, dubbed “Tally”, by the end of this year, a…
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