Banks

Extending banks' working hours in line with cabinet's decision: CBE official

Mon, 01 Jun 2020 - 09:44 GMT

The source added that all precautionary measures will be applied to prevent the spread of the pathogen.

European shares slide as virus fears persist, banks drop

Wed, 13 May 2020 - 11:21 GMT

The pan-European STOXX 600 index fell 1.1 percent by 0710 GMT, with banks proving a drag after a slew of negative updates.

Egyptian banks federation obliges clients to wear face shields or masks amid coronavirus crisis

Mon, 11 May 2020 - 01:39 GMT

The decision shall take effect as of next Sunday, May 17, the federation said in a statement Monday.

Banking sector holds over LE 1T of cash liquidity: CBE

Mon, 27 Apr 2020 - 11:53 GMT

This gave a boost to both the public and private sectors during the coronavirus crisis, Amer noted.

LE 86 bln collected from 15% saving certificate in 4 weeks: NBE, Banque Misr

Fri, 17 Apr 2020 - 09:49 GMT

Deputy President of the Banque Misr Akef el Maghrabi said the bank had LE 28 billion from 117 thousand clients.

Banks open for 4 hours due to curfew

Wed, 25 Mar 2020 - 09:36 GMT

Banks will be open from 9:30 a.m. until 1:30 a.m. until the evening curfew ends.

Egyptian banks reduce interest rate of dollar-dominated savings by 1%

Tue, 24 Mar 2020 - 12:20 GMT

The source said the decision came in light of a trend by all international central banks to down the interest rate on dollars.

Deposits in banks hit LE 4.246T in January

Mon, 23 Mar 2020 - 01:01 GMT

Governmental deposits decreased LE 10.6 billion to reach LE 602.9 billion in the end of January, compared to LE 613.5 billion in December 2019.

Dollar exchange rate inches up at Egypt's major banks

Wed, 11 Mar 2020 - 12:09 GMT

At the Central Bank of Egypt, the dollar rate went up by one piaster to register LE 15.66 for buying and LE 15.78 for selling.

Banks and bourse are off on Thursday for bad weather

Wed, 11 Mar 2020 - 12:01 GMT

The source told MENA that banks will be back to work on Sunday.

Fingerprint biometric attendance system suspended in some Egyptian institutions

Mon, 09 Mar 2020 - 06:27 GMT

Attorney General Hamada al-Sawy suspended the fingerprint biometric attendance system for judges and public servants in the prosecution offices nationwide.

Dollar price records rise of 5 piasters amid disturbance in international markets

Mon, 09 Mar 2020 - 12:56 GMT

The US dollar jumped five piasters in most Egyptian banks recording LE 15.65 for buying and LE 15.75 for selling at Al Ahli bank of Kuwait K.S.C.

Dollar exchange rate down at Egypt's major banks

Thu, 05 Mar 2020 - 02:02 GMT

At the National Bank of Egypt, the dollar rate receded four piasters, standing at LE 15.58 for buying and LE 15.68 for selling.

US dollar price goes down at Egypt's major banks

Sun, 16 Feb 2020 - 01:51 GMT

The Egyptian pound continues to rise against the US dollar, recording its highest value in three years today.

US dollar price remains stable during Tuesday's transactions

Wed, 12 Feb 2020 - 01:34 GMT

At the National Bank of Egypt and Banque Misr the dollar price recorded LE 15.68 for buying and LE 15.78 for selling.

Dollar prices down at Egypt's major banks

Sun, 09 Feb 2020 - 05:10 GMT

At the National Bank of Egypt and Banque Misr, the dollar rate declined by two piasters, recording LE 15.71 for buying and LE 15.81 for selling.

Egypt, EIB sign 5-point agreement coop.

Sat, 08 Feb 2020 - 11:40 GMT

The cooperation will also involve supporting how to cope with the climate changes and alleviate their consequences along with promoting health and education domains.

Bloomberg: Economic reforms in Egypt boosted banking sector

Wed, 05 Feb 2020 - 11:30 GMT

The nation’s central bank is no longer issuing licenses, making an acquisition the only way of gaining a foothold in the Middle East’s fastest growing economy.

US dollar remains stable during Monday transactions

Mon, 03 Feb 2020 - 01:09 GMT

At the National Bank of Egypt and Banque Misr the dollar price recorded LE 15.75 for buying and LE 15.85 for selling.

Dollar rate down at Egypt's major banks

Wed, 15 Jan 2020 - 11:31 GMT

At the National Bank of Egypt and Banque Misr, the dollar rate declined two piasters, recording LE 15.83 for buying and LE 15.93 for selling.

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