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10k CIB corporate clients using online platforms to access GTS services
10,000 corporate clients of CIB’s global transaction services (GTS) department are using online platforms to access its services, Chief Digital…
BANKING + FINANCE
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BANKING + FINANCE
Emirates NBD Egypt named best bank in 2018 by The Banker Africa
Emirates NBD Egypt has received The Banker Africa’s “Best Bank in Egypt in 2018” award for the second consecutive year,…
Afreximbank grants Egypt’s OIH USD 170 mn credit facility
The African Export-Import Bank (Afreximbank) signed on Friday a USD 170 mn credit facility agreement with Orascom Investment Holding to…
Central Bank of Egypt excludes retailers from EGP 200 bn SME financing initiative
The Central Bank of Egypt (CBE) has excluded retail-focused SMEs from its facilitated financing initiative in a bid to reroute…
NBE, QNB, BM consortium to arrange loan for Egypt’s Abu Qir Fertilizers
A banking consortium comprised of the National Bank of Egypt, QNB Al Ahli, and Banque Misr has pledged to arrange…
HSBC Egypt tops Euromoney’s list of top local trade finance providers
HSBC Egypt was voted the top provider of trade finance services, according to Euromoney’s Trade Finance Survey 2019 results. Businesses…
NUCA to receive EGP 20 bn syndicated loan, to issue EGP 10 bn-worth of bonds
The New Urban Communities Authority (NUCA) is set to sign a EGP 20 bn syndicated loan agreement with local banks…
Banque du Caire to allow credit card and loan repayments at Fawry outlets
Banque du Caire will now allow credit card payments and loan repayments to be done at Fawry outlets, Banque du…
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