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CBE raises withdrawal + transfer limits from mobile wallets
SMART POLICY- Mobile wallet users can now borrow, withdraw, and transfer larger sums per day under new regulations (pdf) released…
Egypt’s banking sector likely second fastest-growing in MENA, EFG says in earnings preview
Aggregate earnings of Egypt’s listed banks are expected to have grown 10% y-o-y in 1Q2021, reversing a trend of anemic…
One Basel, two Basel, three Basel, four...
Enterprise Explains: “Basel IV” requirements. Earlier this year, the Central Bank of Egypt issued a circular to banks instructing them…
BdC mulls digital services arm in Africa and ME
Banque du Caire (BdC) is looking to expand its digital services to serve African and Arab markets in the near…
What the markets are doing on 18 April 2021
US banks’ earnings season is still going strong: Bank of America reported stronger-than-expected earnings in 1Q2021, with its net income…
What the markets are doing on 15 April 2021
Coinbase shares closed at USD 328.28 on their debut on the Nasdaq yesterday, 31% higher than their USD 250 reference…
National Bank of Egypt profits drop 40% in 2019-2020
State-owned National Bank of Egypt’s net income declined 40% to EGP 13.1 bn in its 2019-2020 fiscal year, compared toEGP…
Also on our Radar on 13 April 2021
Things we’re keeping an eye on this morning: Ora Developers and Telecom Egypt have signed a cooperation agreement that will…
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