The Central Bank of Egypt (CBE) has reminded banks to strictly adhere to regulations governing the issuance of bank deposit certificates for companies being established or increasing their paid-up capital.

Kuwait has renewed a $2 billion deposit with the Central Bank of Egypt (CBE) for an additional year.

Total deposits in foreign currency at Egyptian banks increased to EGP 2.531 trillion at the end of June, compared to EGP 1.516 trillion in June 2023, according to data by the Central Bank of Egypt (CBE).

First Abu Dhabi Bank Misr (FABMISR) reported a 131% year-on-year surge in 2023 net profits, registering EGP 10.4 billion.

First Abu Dhabi Bank Misr (FABMISR) posted a 572% year-on-year (YoY) surge in net profit in the first quarter (Q1) of 2023, recording EGP 4.79 billion