National Bank of Egypt (NBE), the country's largest state bank, is negotiating loans worth €800 million ($941.1 million) with two international lenders, sources near from the talks said Tuesday.
The Egyptian bank is in talks with German state bank (...)
Egyptian central bank's assistant sub-governor says around 70 percent of the banks' financing for micro, small and medium-sized enterprises are dedicated for women-owned businesses.
This emphasises the growing economic empowerment for Egyptian (...)
National Bank of Egypt (NBE), the country's largest state bank, says it has received around 360 billion Egyptian pounds ($20.4 billion) from its high-yield certificates of deposit in almost one year.
The Egyptian bank has managed to attract one (...)
Chairperson of Egypt's Export Development Bank (EDBE) expects her bank will sign a $500 million financing facility deal with the African Export-Import Bank (Afreximbank) in a few days.
The Egyptian bank awaits the central bank's approval on the (...)
Qatar National Bank's financing for small and medium-sized businesses in Egypt is currently worth around 17.2 billion Egyptian pounds ($974.8 million), QNB AlAhli's chairman Mohamed El Deeb said Monday.
QNB AlAhli, the Egyptian unit of the Qatari (...)
The informal economy makes up between 50 percent and 70 percent of Egypt's GDP, the head of one of the largest public banks said on Monday.
The financial inclusion is a necessity for Egypt's economic development and ensuring its financial (...)