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EGP holds at 50 despite USD 1 bn in exits on Thursday
The USD held firm just above the EGP 50 mark as banks closed on Thursday for the weekend, capping a…
Egypt prepares to offer a 40% stake in Banque du Caire as early as April
Amid global market uncertainty from the war on Iran, the government seems to be signaling that its commitment to reform…
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail business in Egypt if the latter decides to sell, with…
HSBC says it’s committed to commercial, investment banking in Egypt amid reports it’s inching closer to exiting retail franchise
“HSBC is very committed to Egypt as a strategic market in which we are squarely focused on the needs of…
Ahmed Issa joins FAB Misr as CEO
The former tourism minister will assume his duties this week
Egypt’s digital banks are coming soon
Banque Misr and CIB eye their digital arm debut later this year
Rate cuts spark lending jump, but margins come under pressure -S&P Global
Government and public sector borrowing will remain the primary engine of loan growth amid sustained funding needs
Central Bank of Egypt cuts SME default grace period to 90 days
The decision came into effect this month
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