Friday, March 6, 2026
HomeBanking & Finance

Banking & Finance

NBK-Egypt’s full-year profit surges to EGP 1.82 billion on higher revenues

NBK-Egypt’s assets stood at EGP 105.1 billion by the end of the fiscal year 2022, a 36% increase compared to EGP 77.5 billion in 2021

Egypt’s Taly unveils full-fledged digital payments ecosystem

The payments firm said its pioneering solutions facilitate payments between banks, corporates and consumers through a seamless ecosystem.

Saudi Arabia reportedly suspends talks to acquire Egypt’s United Bank

Saudi Arabia has reportedly shelved a plan by its sovereign wealth fund to acquire the United Bank of Egypt as talks with Egyptian authorities...

Is Italy’s Intesa Sanpaolo considering taking full ownership of AlexBank?

Italy’s Intesa Sanpaolo Group is reportedly in advanced talks with cash-strapped Egypt to acquire the remaining 20% of the Bank of Alexandria (AlexBank) it...

Tunisia’s banking sector faces uncertain prospects, says S&P Global

Tunisia’s banks are navigating major uncertainty and significant macroeconomic pressure as the North African country seeks to secure an International Monetary Fund (IMF) to...

African Development Bank secures $350 million loan from Japan

The African Development Bank (AfDB) said on Wednesday that has secured a $350 million (JPY 44.1 million) loan from Japan to help finance the...

UAE’s ADGM partners with Zand Bank to support SMEs

The Abu Dhabi Global Market (ADGM) said Monday that it has partnered with UAE’s Shariah-compliant digital bank Zand Bank to support SMEs in the...

Egypt’s Tadbiir Group launches non-banking financial services for SMEs

Tadbiir for Leasing and Factoring Company said Wednesday that it has launched its non-banking financial services to better support the small and medium-sized enterprises...

Commercial International Bank FY profit jumps 21% on higher revenues

Commercial International Bank (CIB) reported a rise of 21% in 2022 net profit, with revenue boosted by the bank’s solid grounding and robust balance...

Moody’s downgrades 5 Egyptian banks, citing weaker sovereign

Moody’s has downgraded the long-term bank deposit ratings of five Egyptian banks by one notch a week after the rating company lowered the North...

More news