News
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Attijariwafa Bank Launches New Deposit with Monthly Yield for Entrepreneurs and SME Owners
Attijariwafa Bank Egypt announced the launch of **”Wafa Business Plus TDs”** (Term Deposits) dedicated to entrepreneurs and Small and Medium Enterprise (SME) owners, aiming to support their investment plans and provide savings solutions tailored to their business needs. The bank stated that the deposits offer an attractive monthly yield, along with flexible terms starting from 3 months up to a…
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Central Bank of Egypt: Private Sector’s Share of Loans Drops to 41.2%
Data from the Central Bank of Egypt (CBE) revealed a significant shift in the structure of bank credit, as the private sector’s share of total customer loans continued to decline, hitting its lowest level in nearly 25 years by the end of February 2026. This comes amid growing bank financing for the government and shifting lending priorities in recent years.…
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Hassan Abdalla: The Central Bank of Egypt is Keen on Enhancing Cooperation with African Central Banks
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), affirmed the CBE’s keenness to enhance cooperation with African central banks. This comes within the framework of the Egyptian state’s orientation towards strengthening its relations with the continent’s nations and supporting efforts for African economic and financial integration. This statement was made as the CBE Governor received Dr. Phil Mnisi,…
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With El-Etreby in Attendance: PM Follows Up on Settling Financial Overlaps Between New Urban Communities Authority and National Bank of Egypt
Prime Minister Dr. Mostafa Madbouly held a meeting today to follow up on the procedures for resolving the financial entanglements between the New Urban Communities Authority (NUCA) and the National Bank of Egypt (NBE). The meeting was attended by Eng. Randa El-Menshawy, Minister of Housing, Utilities, and Urban Communities; Dr. Walid Abbas, Deputy Minister of Housing, Utilities, and Urban Communities…
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