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SANAD loans Banque Du Caire USD 10 mn for MSMEs
The Sanad Fund for MSMEs announced on Monday that it will finance USD 10 mn in loans for Banque du…
BANKING + FINANCE
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BANKING + FINANCE
Bank consortium waiting on Finance Ministry to lend the SCA c. USD 602 mn; SCA will likely look abroad for financing of dredgers
A banking consortium is waiting on the Finance Ministry to issue a guarantee for a USD 602 mn loan for…
Banque du Caire to launch mobile and internet banking this year
Banque du Caire is planning to launch mobile and internet banking services some time this year, bank sources tell Al…
EgyptAir in talks with international banks for USD 800 mn loan
EgyptAir is in talks with international banks to borrow USD 800 mn for the purchase of new aircrafts to upgrade…
Raya’s Aman to launch operations in 2H2018
Raya Holding’s SME financing subsidiary Aman will launch operations in 2H2018 as soon as it receives licenses from the Financial…
CBE implements new QR code-based payments system
The central bank launched a QR code-based payment system to facilitate electronic payments, CBE Sub-Governor Lobna Helal said, according to…
Export Development Bank gets USD 10 mn loan to promote SME funding
The Export Development Bank of Egypt announced receiving a USD 10 mn loan from the Sanad Fund for micro, small…
IFC promotes cashless transactions, aims to boost financial inclusion in Egypt
The IFC discussed with banking sector representatives from Egypt “how banks can make use of new technologies that promote cashless…
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