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CBE issues new directives to regulate relationship between banks and FX bureaus
Egyptian banks can only do business with up seven foreign exchange bureaus at a time, according to the latest Central…
BANKING + FINANCE
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BANKING + FINANCE
Banque Misr approves EGP 1.2 bn loan for Damietta furniture city at 7% interest
Banque Misr agreed to extend a EGP 1.2 bn facility to Damietta furniture city at an exceptional 7% interest rate,…
Banque Misr drops international spending limits on credit cards
Banque Misr dropped spending limits on international use of its credit cards as of yesterday and will raise the cap…
CBE extends EGP 6 bn through its mortgage finance initiative -Negm
The Central Bank of Egypt has now pushed EGP 6 bn into its initiative to promote mortgages for low and…
Three major consultancies bidding for project to formulate Attijariwafa’s strategy
BCG, McKinsey, and Oliver Wyman are bidding to advise Attijariwafa Bank’s strategy in Egypt for the next five years, Al…
EGPC now asking for a EGP 15 bn loan, up from EGP 10 bn
The Egyptian General Petroleum Company (EGPC) is looking to increase the value of a loan it is seeking to EGP…
NBE lifts caps on international credit card spending
The National Bank of Egypt has lifted caps on international use of its credit cards, and is looking into doing…
CI Capital to launch EGP 50 mn equities fund in 2H2017
CI Capital is in talks with an unnamed bank to set up a new EGP 50 mn equities fund, the…
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