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National Bank of Egypt seeks CBE approval to launch digital banking services
The National Bank of Egypt has requested Central Bank of Egypt approval to launch its planned digital bank, which it…
Egypt’s NUCA signs EGP 50 bn syndicated loan agreement
The New Urban Communities Authority (NUCA) has borrowed EGP 50 bn from a consortium of local banks headed by the…
Who’s in the market for debt: Faragalla Group, BPI
Faragalla Group is reportedly in the market for an EGP 2.05 bn syndicated facility being led by the National Bank…
National Bank of Egypt, Banque Misr chairmen reappointed for three-year terms
MOVES- National Bank of Egypt and Banque Misr bosses get three more years in office: A statement (pdf) says that…
Loan loss provisions hit bank profits in1H2020
Egyptian banks’ profits shrank by 20% in 1H2020 to an aggregate EGP 50.05 bn in comparison with EGP 62.49 bn…
NBE, Banque Misr scrap high-interest savings certificates
NBE, Banque Misr scrap high-interest CDs: State-owned National Bank of Egypt (NBE) and Banque Misr have stopped offering 15% fixed-rate…
Fawry receives CBE approval for bank transfer service
Fawry gets CBE nod to partner with state-owned bank for transfer service: E-payments platform Fawry has received preliminary approval from…
Who’s in the market for debt: Hassan Allam, Ezz Steel, GASCO
Hassan Allam Properties is seeking to obtain a EGP 1.6 bn loan to finance various real estate projects under development,…
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