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The Central Bank of Egypt wants to incentivize banks’ investments in equity for SMEs
Bank investments in SME-focused equity funds now count toward minimum small business loan requirement: The Central Bank of Egypt (CBE)…
Executive regs for new tax treatment of banks, corporations out in Official Gazette
LEGISLATION WATCH- Banks now know how they’ll calculate the cost of investment in treasuries under changes to the tax code:…
Commercial banks could see capital requirements rise tenfold under Banking Act amendments
LEGISLATION WATCH- Capital requirements for commercial banks could rise tenfold to EGP 5 bn under proposed amendments to the Banking…
TE to roll out money transfer service through WE in partnership with Banque Misr
Telecom Egypt has signed an agreement with Banque Misr to launch a new money transfer service through the state-owned fixed-line…
QNB Alahli in talks with EBRD for USD 70 mn loan
QNB Alahli is in talks with the European Bank for Reconstruction and Development (EBRD) over a USD 70 mn loan,…
When cryptocurrency meets the banking sector
When cryptocurrency meets the banking sector: Blockchain technology can be leveraged to rewire the global financial infrastructure and simplify transactions…
Bank Audi, NBG to present acquisition bid to the central bank in two week
M&A WATCH- Bank Audi, NBG seeking central bank signoff on sale: Bank Audi and the National Bank of Greece (NBG)…
List of e-commerce no-nos issued as CBE orders aggregators and payment facilitators must offer guarantees to banks
REGULATION WATCH- Crypto is on the CBE’s list of online no-nos as the regulator orders aggregators and payment facilitators to…
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