Egypt's banks enjoy good capital adequacy levels and low loan default rates. Many are eyeing the small business sector and an underbanked populace.
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Latest articles from Egypt
Is Egypt's tough reform programme paying off?
April 1, 2019The IMF is ready to launch the next tranche of a $12bn loan package for Egypt, following government attempts to push through economic reforms.
Egypt's banking sector narrows the gender gap
April 1, 2019Historically, women have been widely employed in Egypt's banks, with some now reaching top-level posts, including that of CEO.
Challenges persist for Egyptian lenders
October 23, 2018Since the revolution in 2011, the top Egyptian banks have been steadily strengthening their balance sheets. However, 2017 was not kind to the country’s two largest banks.
CIB positions itself at forefront of banking's tech revolution
October 1, 2018Egypt’s Commercial International Bank is one of the Middle East and north Africa region's star performers when it comes to returns on assets and capital. James King speaks to the bank's managing director, Hisham Ezz Al-Arab, to discover the secret behind its success.
Sisi's reforms start to pay off for Egypt
April 3, 2018President Abdel Fattah el-Sisi has pushed through business-friendly reforms that would have been unthinkable in Egypt a few years ago, including cutting fuel subsidies. The results have been impressive, bringing praise from the IMF. So is the optimism prevailing in the country justified? James King reports.
Bouyant banks shape Egypt's vision for 2030
April 3, 2018Egypt’s banks are throwing their weight behind extending financial inclusion to small and micro businesses, as well as the country's wider population as part of the national Vision 2030 strategy, helped by changes to the bankruptcy system and hopes of lower interest rates. James King reports.
Egypt’s planning minister outlines decentralisation and development plans
April 3, 2018Hala El Said, Egypt’s minister of planning and administrative reform, talks to James King about government strategies to cut unemployment through greater private sector involvement and the decentralisation of investment to the governorates.
Citi shows appetite for Egypt remains healthy
April 3, 2017Political unrest, high public debt and a drop in tourism have hit Egypt’s fortunes in recent years. But as a successful $4bn debt-raising deal has shown, investor appetite is recovering. Edward Russell-Walling spoke to the team from joint lead manager Citi.
CIB looks to increase Egypt's financial inclusion
August 1, 2016Commercial International Bank’s digital innovations fit into the Egyptian government’s strategy of financial inclusiveness. James King looks at how the bank is making them work.