Madbouly Egypt's development model at UN conference    Egypt's Foreign Minister urges diplomacy on Iran nuclear issue in IAEA call    Egypt, Iran FMs discuss Gaza truce, nuclear talks revival    Egypt's Environment Minister calls for stronger action on desertification, climate resilience in Africa    Egypt's Q3 GDP growth hits three-year high of 4.77%    Peace is not imposed by bombing… nor achieved by normalisation peoples reject: Al-Sisi    Al-Sisi reaffirms Egypt's support for Libyan unity, withdrawal of foreign forces    Spinneys Opens A New Store in Hurghada    Egypt to launch new dialysis filter factory in July, covering 65% of domestic demand    Egypt reveals heritage e-training portal    Egypt leverages diplomacy to advance global health partnerships    Egypt to toughen truck safety rules following fatal Ring Road accident    Egypt condemns Pakistan convoy attack, voices solidarity    Egypt, Mauritania eye joint healthcare plans    Egypt's FM, UK security adviser discuss de-escalation    US Fed holds rates steady    EGX ends in green on June 16    Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author mohamed Hamdy
Egypt's reserve money MO surges to EGP 1.581 trillion at Sept-end: c.bank
Egypt's reserve money (MO) rose to 1.581 trillion Egyptian pounds ($51.144 billion) at the end of the third quarter of the year from 1.496 trillion pounds as of December 2022, a recent central bank data showed. The MO consists of currency in (...)

16 - 10 - 2023
Banque Misr says Q1 pre-tax profit hits EGP 15.69 billion
Egypt's second largest public bank, Banque Misr posted profit before taxes worth 15.696 billion Egyptian pounds ($508.3 million) in the first quarter of the year. Earlier, the bank registered pre-tax profit worth 9.790 billion pounds in the first (...)

12 - 10 - 2023
Banque du Caire H1 net profit grows 41%
Egypt's third largest public state-lender, Banque du Caire (BdC) reported on Wednesday a 41 percent year-on-year growth in net profit for the first half of the year. Net profit recorded 2.6 billion Egyptian pounds ($84.1 million) throughout the six (...)

30 - 08 - 2023
Egypt's c.bank says reserve money rose to EGP 1.502 trillion in Q3
Egypt's central bank reported on Wednesday a growth in the country's reserve money (MO) to 1.502 trillion Egyptian pounds ($48.5 billion) at the end of this March from 1.496 trillion pounds as of December 2022. Reserve money (MO) consists of (...)

26 - 04 - 2023
Egypt's financial inclusion grows by 147% from 2016 to 2022 – CBE
Egypt's central bank (CBE) has released on Saturday its financial inclusion indicators for 2022, as the figures showed that the country's financial inclusion rates have improved between 2016 and 2022 by 147 percent. The report added the overall (...)

09 - 04 - 2023
Egypt's CIB bank offers 3-year certificates of deposit at 22%
Commercial International Bank (CIB), one of Egypt's largest private banks, is offering three-year certificates of deposit at 22 percent, it said in a statement on Monday. The move came few days after the central bank hiked rates by 200 basis points (...)

03 - 04 - 2023
Egypt's NBE, Banque Misr issue new 19%, 22% CDs over 3 years
The National Bank of Egypt and Banque Misr issued on Sunday two savings certificates of deposits (CDs) for three years, with fixed yield of 19 percent and another one with a declining yield of 22 percent, central bank's announcement said. The second (...)

02 - 04 - 2023
Abu Dhabi Islamic Bank Egypt 2022 net profit jumps 51%
Abu Dhabi Islamic Bank Egypt (ADIB-Egypt) reported on Sunday a 51 percent year-on-year growth in net profit to 2.190 Egyptian pounds ($70.8 million) in 2022. Customers' deposits also rose 28 percent to 97.6 billion pounds, while financing portfolio (...)

19 - 03 - 2023
Abu Dhabi Islamic Bank Egypt launches new sukuk firm
Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) said on Sunday it is launching a new sukuk unit worth 10 million Egyptian pounds ($328,103) in capital. During a press conference in Cairo on Sunday, ADIB Egypt CEO Mohamed Aly said the bank had been (...)

19 - 03 - 2023
ADIB wants to launch digital bank in Egypt: CEO
Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) plans to launch its first digital bank as it seeks to get the Egyptian central bank's approval in the coming period, its CEO Mohamed Aly said on Sunday. Like many lenders in the Middle East region, ADIB (...)

19 - 03 - 2023
Egypt's gold reserves record $7.372bln in February – central bank
Egypt's gold reserves, a major component of foreign cash reserves reached $7.372 billion at the end of February, slightly lower from $7.773 billion in January, the Central Bank of Egypt (CBE) said on Sunday. The foreign currencies' value included in (...)

06 - 03 - 2023
Egypt's domestic liquidity surges to EGP 7.737 in January
Egypt's domestic liquidity increased by 335 billion Egyptian pounds to reach 7.737 trillion pounds ($252,6 million) at the end of January 2023, up from 7.402 trillion pounds at the end of December 2022, central bank's statistical figures revealed on (...)

01 - 03 - 2023
Al Baraka Bank – Egypt 2022 pretax profit hits EGP 2.655 bln
Al Baraka Bank – Egypt reported on Sunday profit before tax of 2.655 billion Egyptian pounds ($87.1 million) during 2022, up from 1.746 billion pounds a year earlier. Net profit recorded 1.755 billion pounds in 2022 from 1.132 billion pounds in (...)

19 - 02 - 2023
Egypt's central bank announces rate meeting schedule for 2023
Egypt's central bank on Saturday announced the schedule of its meetings that determine the course of monetary policy for 2020. The Central Bank of Egypt's Monetary Policy Committee (MPC) will hold eight meetings during the year and other meetings if (...)

25 - 12 - 2022
Egypt's Banque Misr achieves EGP 16.5bn pretax profit in 6 months
Egypt's second largest public bank Banque Misr said on Sunday its pretax consolidated profits had recorded 16.560 billion Egyptian pounds ($674 million) in the first six month of the year. Earlier, the bank's pretax profits stood at 46.089 billion (...)

04 - 12 - 2022
National Bank of Egypt says H1 net profit at EGP 14.103 billion
The National Bank of Egypt (NBE), the country's largest public lender, reported on Wednesday net profit of 14.103 billion Egyptian pounds ($575 million) in the first six months of the year. The bank's net profit for the January to June 2021 period (...)

24 - 11 - 2022
Egypt's central bank cancels Nov. 3 monetary policy meeting
Egypt's central bank said in a statement on Monday that its monetary policy committee (MPC) meeting, that was scheduled on November 3, is canceled in light of the sufficiency of the exceptional meeting convened earlier last week. The MPC convened on (...)

31 - 10 - 2022
National Bank of Egypt to offer three-year certificate of deposit at 17.25%
The National Bank of Egypt (NBE), the largest state-run lender, will offer a three-year certificate of deposit at 17.25 percent, its deputy chairman Yehia Aboul Fotouh announced on Thursday. The move followed the central bank's monetary policy (...)

27 - 10 - 2022
Al Ahli Bank of Kuwait–Egypt joins consortium for El Sewedy Electric's EGP 2 billion loan
Al Ahli Bank of Kuwait–Egypt (ABK-Egypt) announced on Tuesday it is joining a consortium of seven banks to provide a syndicated loan in favour of El Sewedy Electric. The syndicated loan, worth 2 billion Egyptian pounds ($102.5 million), will go for (...)

28 - 09 - 2022
France's AFD to sign financing deals with Banque Misr, Banque Du Caire at COP27
The French Development Agency (AFD) will sign financing agreements with Banque Misr and Banque Du Caire at COP27, the UN climate change summit taking place in Egypt's Sharm El Sheikh this November, an AFD official said on Wednesday. Speaking at a (...)

28 - 09 - 2022
Egypt signs MoU to host AfDB 2023 annual meetings
Egypt will host the Africa Development Bank Group's (AfDB) upcoming annual meetings in May 2023, following the signing of a memorandum of understanding between AfDB and the Central Bank of Egypt (CBE) on Monday. The 58th Annual Meetings of the AfDB (...)

12 - 09 - 2022
Banque du Caire H1 standalone pretax profit grows 6%
Egypt's third largest public state-lender, Banque du Caire (BdC) reported on Tuesday a 6 percent year-on-year growth in standalone pre-tax profit for the first half of the year. Standalone pre-tax profit recorded 3.1 billion Egyptian pounds ($161.4 (...)

30 - 08 - 2022
Remittances from expatriate Egyptians rose 2.1% in 11 months
Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May 2022, the central bank said on Sunday. Remittances recorded $29.1 billion in the July 2021 and May 2022 period from $28.5 billion in the (...)

31 - 07 - 2022
National Bank of Egypt retail lending hits EGP 190 billion end-June
The National Bank of Egypt (NBE), the country's biggest state-run lender, said on Monday that its retail lending portfolio had grown to 190 billion Egyptian pounds ($10.1 billion) at the end of June from 176 billion pounds in March. The growth in (...)

04 - 07 - 2022
Banque Misr's Mohamed El-Etreby elected chairman of Union of Arab Banks
Banque Misr chairman Mohamed El-Etreby was elected chairman of the Union of Arab Banks (UAB) on Wednesday for three years. El-Etreby, who is also chairman of the Federation of Egyptian Banks, will succeed Sheikh Mohamed El -Jarrah El- Sabbah. The (...)

18 - 05 - 2022
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