The Egyptian banking system’s local-currency liquidity surged in June than in the previous month, recording 2.920 trillion …
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Banks news
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Banks
European Investment Bank loans Banque Misr $500 mln to fund Egypt SMES
by Yomna Yasserby Yomna YasserThe European Investment Bank (EIB) has agreed to loan Egypt’s Banque Misr a $500 million package to …
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Egypt’s banks extended more loans in June than in the previous month, recording 1.41 trillion Egyptian pounds …
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Banks
World Bank’s IFC to invest $150 million in Egypt’s PPP agriculture projects
by Yomna Yasserby Yomna YasserThe World Bank’s International Finance Corporation (IFC) has approved Friday new direct investments worth $150 million in …
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Banks
JPMorgan CEO warns governments to close down cryptocurrencies if they get too big
by Yomna Yasserby Yomna YasserJPMorgan Chase’s chief executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that …
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Banks
Egyptian banks have provided $55.1 bln to fund trade since pound float
by Yomna Yasserby Yomna YasserEgyptian banks have provided around $55.1 billion to fund trade since the country floated its currency in …
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Banks
Interview: EBRD says Egypt has now suitable climate for investment
by Yomna Yasserby Yomna YasserThe European Bank for Reconstruction and Development (EBRD) is very optimistic about the future of the Egyptian …
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Egypt’s Arab African International Bank (AAIB) and SANAD Fund for MSMEs, are joining to launch a microfinancing …
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Egypt’s central bank is widely expected to bring interest rates down in the coming period, according to …
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BLOM Bank Egypt, the Egyptian arm of Lebanon’s lender BLOM, has recently launched its asset management unit, …