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Banking

Banks in Egyptian market record total financial position as EGP 10.03Trn in H1 2022 | CBE

Banks operating within the Egyptian market achieved a total net profit of EGP 56.86 billion during the first half of 2022 revealed new data released by the Central Bank of Egypt (CBE)

CBE announces new max withdrawal and deposit limits from branches

The announcement comes only a day after newly-appointed acting Governor of the CBE, Hassan Abdalla, had his first meeting with current and former leaders of banks across the Egyptian market

Egypt’s foreign currency gap narrows to $400M in July compared to Feb’s $3.9B | CBE

Egypt’s foreign currency gap saw a significant contraction to record $400 million in July 2022 from February’s $3.9 billion, revealed First Deputy Governor of the Central Bank of Egypt

Global Finance names Egypt’s top Institutional Digital Bank and Consumer Digital Bank

Round one winners are eligible for consideration in round two, which includes regional and global winners as well as global sub category winners

Egyptians are more aware of e-payment options, mobile wallet transaction value up 161%

Mobile wallets are becoming more popular as the number of transactions using mobile wallets have more than doubled annually, hitting 212 million transactions