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Enterprise Explains: Mobile Wallets
The use of digital wallets (or e-wallets) has surged in recent years as innovation continues to change the payments landscape.…
Why banks in Egypt remain profitable: Chapter XXII
Profits in the banking sector have grown this year despite an acceleration of the central bank’s easing cycle, a survey…
FX liquidity at banks is recovering from covid
The banking sector’s FX liquidity has recovered from pandemic-induced lows, thanks to the return of foreign inflows to capital markets,…
What the markets are doing on 8 December 2020
The EGX30 fell 0.3% yesterday on turnover of EGP 1.8 bn (27.1% above the 90-day average). Regional investors were net…
Blom Bank Egypt getting ready for its sale to Bank ABC?
Blom Bank Egypt is getting its ducks in a row ahead of its potential sale to Bahrain’s Bank ABC, amending…
Banks still face “heightened” medium-term threats thanks to covid –Fitch
Covid is the gift that keeps on giving for Egyptian banks, which will remain exposed to “heightened” medium-term threats, Fitch…
Egypt’s banks are (for the most part) financially sound
Egypt’s banks remain financially sound and are on track to stay remain in the green, despite expectations for an uptick…
HDB 9M NP down 4%, Al Ezz Dekheila Steel losses grow
The Housing and Development Bank’s (HDB) consolidated NP fell 3.3% y-o-y in 9M2020, to EGP 1.66 bn from EGP 1.71…
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