S&P Global Ratings upgraded Egypt’s outlook to positive, maintaining its B-/B long and short-term foreign and local …
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Egypt’s Banking Sector
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BanksEditors' PicksEgypt NewsFeatureMoneyNews
Moody’s reveres outlook of 5 Egyptian banks’ to positive
by Aya Anwarby Aya AnwarMoody’s Ratings affirmed ratings and assessments for five Egyptian banks and reversed their outlook from negative to …
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BanksEgypt NewsFeatureFinancial InstitutionsInternational NewsNews
Intesa Sanpaolo in talks with Egypt gov’t to buy remaining 20% stake in ALEXBANK
by Nada Aliby Nada AliIntesa Sanpaolo Group, the leading European bank and owner of 80 percent stake in AlexBank in Egypt, …
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Banque du Caire launches central security unit
by Sama Mousaby Sama MousaBanque du Caire launched a central security control unit to monitor operations at its branches, said an …
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BanksEgypt NewsFeatureFinancial InstitutionsMoneyNews
CBE eases banking access for illiterate, elderly
by Sama Mousaby Sama MousaThe Central Bank of Egypt (CBE) introduced new facilities on Tuesday to help illiterate and elderly customers …
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Egypt is eyeing selling a stake in Banque Misr to a strategic investor in 2024, the bank’s …
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Egypt NewsFeatureMoneyNews
Arab Monetary Fund provides $615.8mln to support Egypt’s financial sector
by Nada Aliby Nada AliThe Arab Monetary Fund (AMF) has extended a new loan to Egypt of 153.475 million Arabic dinars …
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BanksFeatureMoney
Egypt’s central bank receives ISO certification in business continuity management
by Yomna Yasserby Yomna YasserEgypt’s central bank has announced on Saturday that it had successfully received the ISO 22301:2019 certification in …
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BanksFeatureMoney
Fitch: Egyptian banks’ credit risks ease on improving economy, better operating environment
Fitch Ratings said on Tuesday that pressures on Egyptian banks’ credit profiles and viability ratings have eased …
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The value of assets held by Egypt’s banking sector rose 1.2 percent to 5.140 trillion Egyptian pounds …
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