Tag: Banque du Caire
Egyptian banks suspend debit card use in foreign currency
Commercial International Bank told accountholders that debit cards could only be used for Egyptian pound transactions within the country.
Egypt’s NBE, Mastercard bolster partnership to advance digital payments
The renewed partnership cements the long-standing cooperation between the two entities in their endeavour to drive innovation and financial inclusion in Egypt
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...
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...
Banque du Caire secures $100 million loan from EBRD, British International Investment
Banque du Caire (BDC) has secured a $100 million subordinated loan from the European Bank for Reconstruction and Development (EBRD) and British International Investment...
Mastercard invests in Nclude to boost Egypt’s fintech ecosystem
Mastercard said Tuesday that it has invested in Nclude, an Egyptian financial technology-focused investment fund, to accelerate the growth of the country’s fintech ecosystem...
Fintech ascending: Why Egypt’s banks should embrace change
There is great appetite for innovation and modernization in the Egyptian financial world right now and everybody is trying to get on board. Almost...