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Banking & Finance

Crédit Agricole Egypt posts $81.2 million in H1 net profit, up 146%

The bank said its net banking income surged by more than 108% year-on-year to reach EGP 4.5 billion

African fintech Opay mulls Egypt digital bank license application

OPay’s digital bank will provide lending, savings and card services via the internet without the need for customers to go to branches

Egypt secures $616 million loan from Arab Monetary Fund

The financing deal seeks to augment Egypt’s payments infrastructure, promote financial inclusion and strengthen the regulatory framework

Al Baraka Group completes exit of its stake in BTI Bank Morocco

Al Baraka Group said it received the required approvals from the Central Bank of Bahrain and Bank Al-Maghrib

Al Baraka Bank opens new branch in Ismailia Governorate

The inauguration of the new branch marks a significant milestone in the bank’s commitment to extend its reach across Egypt

These 10 Egyptian fintech firms have joined Fintech Galaxy’s open finance

The use of open APIs will enhance digital identity verification and fraud detection processes

Emirates NBD-Egypt inks cooperation protocol with Ahl Masr Foundation

The bank is committed to making a tangible contribution throughout the year to achieve the UN Sustainable Development Goals

ADIB Egypt signs $50m Shariah-compliant Tier 2 financing deal

The financing deal has a duration of five years and is expected to be included in the bank’s second tier of the capital base

Access Bank to acquire StanChart’s five sub-Saharan Africa businesses

Standard Chartered will sell its shareholding in its subsidiaries in Angola, Cameroon, Gambia and Sierra Leone to Access Bank

Egypt’s CIB secures $250 million from International Finance Corporation

The bank secured a 10-year $150 million Tier II facility to support its capital position as well as the expansion of its operations

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