Latest Banking News
NBE acquires 24% share in Hyde Park Developments
Licensed capital estimated at EGP 10bn, land portfolio exceeds 6 million square…
CBE introduces new controls for updating customer data in banks
Banks must obtain CBE approval for electronic client data updates and have…
CIB’s Extraordinary General Assembly approves issuance of financial instruments worth $1bn
The Extraordinary General Assembly of the Commercial International Bank (CIB) has authorized…
CBE approves capital increase for Banque du Caire
The Central Bank of Egypt (CBE) has granted approval for Banque du…
Suez Canal Bank measures carbon footprint: A milestone in sustainable financing
Suez Canal Bank announced that it has completed measuring the carbon emissions…
CBE unveils key banking soundness metrics for 2023
Banks’ net profits hit EGP 283.388bn, with top 10 banks comprising 74.92%…
EGP 283.3bn net profits for banks in Egyptian market in 2023: CBE
Total financial position of banks records EGP 15.165trn
CIB Foundation contributes EGP 40m to Ahl Masr Trauma, Burn Hospital
As diamond sponsor, CIB Foundation plays pivotal role in hospital’s inauguration, attended…
Suez Canal Bank opens new branch at 6th of October University
Inauguration of bank’s branch comes within its plan to expand, target promising…