Dollar Price Remains Stable on Wednesday’s Transactions
At the start of Wednesday’s transactions, the dollar exchange rate appeared to be stable at Egypt’s major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 for buying and EGP 30.85 for selling. While at the Commercial International Bank (CIB), the dollar exchange rate recorded EGP 30.85 […]
NBE Obtains ISO 27001:2022 Information Security Certification
The National Bank of Egypt (NBE) is the first bank in Egypt and Africa to earn the ISO 27001:2022 information security certification from the British Standards Institution (BSI), making it the first bank to achieve this prestigious recognition. The bank successfully fulfilled all the requirements of the new standard, which was issued in October 2022 […]
NBE Announces High Turnout for New Saving Certificates
The National Bank of Egypt (NBE) reported a high turnout for its newly introduced maturity saving certificates with fixed and variable yields. The two certificates, one with a 19% fixed interest rate and the other with a 22% variable interest rate were announced Sunday, taking up savings to EGP 48 bn on the first day. […]
Dollar Exchange Rate in Monday’s Transactions
The US dollar exchange rate was stable at the beginning of Monday’s transactions at Egypt’s major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 for buying and EGP 30.85 for selling. At the Commercial International Bank (CIB), the dollar exchange rate recorded EGP 30.85 for buying […]
Dollar Price Stable at Egypt’s Major Banks
The US dollar exchange rate was stable at the beginning of Monday’s transactions at Egypt’s major banks, according to the State Information service website. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 30.75 for buying and EGP 30.85 for selling. At the Commercial International Bank (CIB), the dollar […]
Mastercard Extends Partnership with NBE to Bring Next-level Digitization into Egyptian Economy
The National Bank of Egypt (NBE) and Mastercard have announced a new strategic partnership to bring next-level digitization into the Egyptian economy. Through this collaboration, Mastercard and NBE will offer best-in-class digital payment solutions that will help bring more unbanked and underbanked into the formal economy. The new announcement cements the long-standing partnership between the […]
NBE, Banque Misr Collect EGP 400bn From Their 25% Certificates
According to Dily News, The National Bank of Egypt (NBE) and Banque Misr have attracted an estimated EGP 400bn from the 25% certificate since its launch earlier this month. The National Bank of Egypt revealed that the balance of the certificates of 25% and 22.5% had reached EGP 260bn. In a statement issued on Tuesday, […]
Banque Misr’s 25% Interest-Saving Certificate to be Suspended Within Days
Banque Misr will suspend the 25% saving certificate after achieving the target within days, said Mohamed el Atribi, Board Chairman of Banque Misr. The bank will suspend the one-year maturity saving certificate by the end of this month, he added in statements on Monday. The National Bank of Egypt (NBE) and Banque Misr have issued […]
National Bank of Egypt aims for 30% growth in 2023
Egypt’s largest state-run lender, National Bank of Egypt (NBE) is aiming for growth of 30 percent in 2023, its vice chairman said on Wednesday. According to Amwal Al Ghad, “The NBE is aiming for growth of 30 percent in terms of lending portfolio, deposits, and saving pools within 2023,” Yehia Aboul Fotouh told Amwal Al […]