Bank News
-
Faisal Islamic Bank’s volume of business increases 10%
Meanwhile the bank’s net profits reached EGP 196.97m in the first quarter of 2015, compared to EGP 172.3m during the same period in 2014.
-
Egypt's Crédit Agricole posts 60% higher profits in Q1
Profits rose to LE236 million in the first quarter of this year, compared to LE147.6 million in the same period last year.
-
Mashreq Bank expands in Egyptian retail banking market
New initiatives to be launched this coming year to enhance services.
-
CIB Starts Due Diligence on Citigroup’s Egypt Retail Business
Citigroup is exiting its consumer banking business in 11 countries to focus on markets with great scale and growth potential.
-
Barclays African Unit May Buy Parent’s Zimbabwe, Egypt Banks
Barclays bought its parent company operations in 8 African countries.
-
Egypt ready for change in a cash economy
Cash still dominates the Egyptian consumer economy. It accounts for an estimated 94 per cent of financial transactions in the country.