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State banks get plenty of funding from global lenders
Banque du Caire (BdC) signed a financing agreement worth USD 200 mn with the African Export-Import Bank (Afreximbank), chairman and…
More help is on the way for SMEs, courtesy of Afreximbank
Afreximbank will loan United Bank USD 600 mn for on-lending to SMEs and to support trade finance, Masrawy reports, citing…
TONIGHT: El Sisi in Djibouti; HSBC exits US retail banking; point of no return on climate change approaching; Zidan leaves Real Madrid.
You made it through five full work days in May. Give yourselves a pat on the back and enjoy the…
EFG Hermes’ Awad on forays into merchant banking, foreign expansion of NBFS arm, and what’s next for the debt market. — part 2 of 2
Part two of our exclusive with EFG Hermes Group CEO Karim Awad continues this afternoon with a look at what’s…
EFG Hermes’ Awad on the AIB acquisition, taking his franchise outside Egypt, and what will bring foreign investors back to the market — part 1 of 2
Few transactions have been as closely followed in Egypt’s banking and finance industries as has EFG Hermes’ acquisition of a…
Net foreign assets at banks dip in March
Net foreign assets (NFAs) in Egypt’s banking sector dipped 13.7% m-o-m in March to reach USD 17.70 bn, from a…
CIB net income up 20% in 1Q
Leading private-sector bank CIB’s net income was up 20% y-o-y to EGP 2.87 bn in 1Q2021 compared to EGP 2.4…
CBE to issue regulatory framework for specialized banks by July?
Specialized banks could have a regulatory framework by July under proposed amendments to the newly passed Banking Act which would…
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