Banking System

Moody's downgrades its outlook of US banking system to negative

Wed, 15 Mar 2023 - 05:14 GMT

The agency explained that it took this decision in light of the fall of three banks, which prompted regulators to intervene on Sunday, with a plan to rescue depositors and other institutions affected by the crisis.

IMF: Egypt's banking sector "stable" despite COVID-19 repercussions

Wed, 02 Sep 2020 - 11:43 GMT

In a report released on Tuesday, the IMF said that the Egyptian banking system is liquid and well capitalized, with strong profitability and asset quality.

IMF hails latest developments of CBE in various sectors

Wed, 26 Aug 2020 - 01:53 GMT

This came after holding a number of online meetings between the members of the IMF mission and representatives of CBE from June 15 until June 29.

Funding for SMEs support initiative amounts to about LE180B: CBE governor

Wed, 19 Aug 2020 - 09:09 GMT

All indicators reflected the ability of the Egyptian state to cross the repercussions of the coronavirus in order to maintain the stability of its financial and monetary indicators according to the figures and data of the balance of payments for 2019/2020.

Egypt's banking system remained stable during COVID-19 pandemic: IMF

Tue, 11 Aug 2020 - 12:58 GMT

The system was liquid, profitable, and well capitalized heading into the crisis, but risks around banks’ loan portfolios, capital costs, and profitability have increased due to the economic slowdown.

Banque Misr plans 2 new offices in India, Tanzania

Sun, 27 Aug 2017 - 11:49 GMT

The new offices come as part of the bank’s expansion plan in Asian and African countries, with the aim of increasing Egypt’s bilateral trade with them.

Banking deposits up LE 2B in two months

Mon, 31 Jul 2017 - 06:05 GMT

The volume of market liquidity recorded LE 2.7 trillion at the end of April 2017.