BNP Paribas, France’s biggest listed bank, announced Wednesday it would no longer work with oil and natural …
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Banks news
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Banks
AlexBank signs MoU to empower Egyptian women via financial inclusion
by Yomna Yasserby Yomna YasserAlexBank, a member of Italian bank Intesa Sanpaolo, signed Tuesday a memorandum with the National Council for …
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Banks
Russia’s central bank plans to ban websites that offer bitcoins
by Yomna Yasserby Yomna YasserRussia will block access to the websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central …
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Banks
Remittances from Egyptian expatriates rise 17.3% since currency float
by Yomna Yasserby Yomna YasserRemittances from Egyptian expatriates have increased 17.3 percent from a year ago, to $16.3 billion in the …
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Banks
Egypt’s Suez Canal negotiating €300 mln loan from two state-run banks
by Yomna Yasserby Yomna YasserEgypt’s Suez Canal Authority is negotiating a €300 million ($352 million) loan from two state-run banks to …
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Banks
RBI imposes restrictions banking business on Oriental Bank of Commerce
by Yomna Yasserby Yomna YasserThe Reserve Bank of India (RBI) has imposed certain restriction on banking activities of government-owned Oriental Bank …
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Banks
Egypt’s Amer named Arab central bank governor of the year: UAB
by Yomna Yasserby Yomna YasserEgyptian Central Bank Governor Tarek Amer was named by the Union of the Arab Banks as the …
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Banks
Bain exec says India isn’t ‘fast enough’ in reforming troubled banks
by Yomna Yasserby Yomna YasserIndia’s government is not reforming its banking sector quickly enough, as troubles such as high levels of …
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Egypt to receive the third and final $500 million tranche of a $1.5 billion African Development Bank …
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Banks
Egypt’s bank reserve rise may be precursor of benchmark rate cut
by Yomna Yasserby Yomna YasserEgypt has raised banks’ reserve requirements, tightening monetary policy in the sector in what economists said may …