51% of microfinance loans provided to Egyptian women entrepreneurs amid COVID-19

Sun, 18 Oct 2020 - 10:29 GMT

"Over the past few years, Egyptian women’s economic participation has increased, as the percentage of women holding bank accounts has increased from 9 percent in 2015 to 27 percent in 2017."

EGP 2.6 M of loans offered to finance 297 projects in 13 governorates- minister

Fri, 31 Jul 2020 - 03:52 GMT

The main target of the Local Development Fund is to finance several projects to support the households and women in increasing their incomes, Shaarawi said.

CBE makes some clarifications on loan installment postponement

Thu, 16 Apr 2020 - 03:00 GMT

The accrued interest for this period in addition to the principal will be collected by banks after the end of the six-month period, the CBE said in a statement.

CBE provides tourism facilities 2-year-loans to pay salaries

Tue, 24 Mar 2020 - 02:18 GMT

This procedure will contribute to the payment of salaries, wages and obligations existing with suppliers and maintenance work for tourist activities, it added

CBE eases restrictions on personal loans

Sun, 22 Dec 2019 - 01:08 GMT

Under the decision, the value of mortgage loans for personal housing will stand at 40% of the monthly total income of the client, the statement added.

EBRD reviews providing NBE with 2 loans worth $50M

Thu, 24 Oct 2019 - 01:20 GMT

European Bank for Reconstruction and Development reviewed the provision of two senior loans to the National Bank of Egypt with a total amount of $50 million.

CBE: LE144.2B worth of loans to small, medium-sized firms since 2016

Sun, 25 Aug 2019 - 03:10 GMT

Small companies received a total of LE 84.4 billion during that period, according to CBE statistics obtained by MENA Sunday.

Micro, small enterprises’ loans hit LE1.5B in Q1 2019

Wed, 05 Jun 2019 - 09:42 GMT

About 62,000 small and micro projects were funded, providing nearly 97,000 jobs during the period from January to March 2019.

Loans provided to customers hit LE1.82T by end of Feb.

Wed, 22 May 2019 - 12:07 GMT

Governmental loans reached LE 586.4 billion, LE 227.6 billion of which were provided in local currency and LE 340.7 billion in foreign currency.

Loans provided to customers hit LE1.8T in December

Fri, 01 Mar 2019 - 09:49 GMT

Governmental loans reached LE 570.5 billion, LE 343 billion of which were provided in foreign currency and LE 227.4 billion in local currency.

Banks’ deposits hit LE3.56T in 2017/18:CBE

Sun, 25 Nov 2018 - 12:00 GMT

CBE’s recent report showed that banks’ loans rose to LE 1.53 trillion by the end of March 2018, compared to 1.45 trillion by the end of December 2017.

Egyptian government borrowing volume reaches LE 2.5T in 7 years

Mon, 17 Sep 2018 - 12:19 GMT

Ma’it said the time of repayment has come, referring to the importance of lowering deficit and debt rates.

Parliament passes 5 presidential decrees

Mon, 25 Jun 2018 - 11:59 GMT

Another agreement with the African Development Bank on the Economic Governance and Energy Support Program III was passed.

German ambassador praises Egypt’s economic reforms

Thu, 24 May 2018 - 08:12 GMT

German Ambassador to Egypt, Julius Georg Luy, praised Egypt’s measures to achieve the desired economic growth rate, 7.5 percent

German online bank uses Bitcoins to transfer loans

Sat, 12 May 2018 - 01:37 GMT

German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin.

SMEs association, Export Development Bank sign deal to facilitate SME loans

Sun, 15 Apr 2018 - 01:17 GMT

The deal falls within the framework of an initiative by the Central Bank of Egypt to offer loans at 5-7 percent interest rate to SMEs.

Attijariwafa Bank Egypt achieves highest profit in its history of LE 1.1B

Sat, 24 Mar 2018 - 01:07 GMT

Attijariwafa Bank Egypt achieved net profits of LE 1.1 billion in 2017 for the first time in its history, compared to LE 663 million in 2016.

Indian banks may take more than $3 billion hit from PNB fraud

Sun, 18 Feb 2018 - 07:29 GMT

Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the center of a massive alleged fraud at the state-run Punjab National Bank.

China tightens rules on commercial lender shareholders, entrusted loans

Sat, 06 Jan 2018 - 10:56 GMT

China’s banking regulator introduced measures to increase scrutiny on investments in commercial lenders and tighten regulation on the entrusted loans market.

SMEs loans under focus after reports of misuse surface

Tue, 21 Nov 2017 - 12:32 GMT

Some businessmen manipulated banks by acquiring SMEs loans to enjoy 5 percent interest rates under the Central Bank of Egypt (CBE) initiative.