Tag: Banking Law

Banks in Egypt increase capital to comply with new banking law

Law stipulates minimum capital of EGP 5bn for banks operating in Egyptian…

Hossam Mounir Hossam Mounir

Parliament approves new Banking Law ensuring monetary stability

The approval was given after a standing vote on the new law,…

Hossam Mounir Hossam Mounir

Parliament approves new banking law, refers for State Council review

Draft law provides for repeal of the Law on the Central Bank…

Daily News Egypt Daily News Egypt

Egypt’s awaited banking law to revolutionise sector: Khodeir Partners co-founder

Khodeir’s comments came during a roundtable discussion held to tackle the banking…

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New Banking Law prohibits establishment or operation of platforms for issuing, circulating e-currencies without license

Law grants CBE's board right to issue regulation, circulation, dealing rules  with…

Hossam Mounir Hossam Mounir

New Banking Law requires 25 banks, 4 foreign branches to raise capital

Banks such as IDB, ABE, ELAB,  EBE do not fall under the…

Daily News Egypt Daily News Egypt

Banking law amendments for capital requirements could trigger profit retention, M&As: Pharos

Pharos believes that the capital increase could trigger a wave of porfit…

Daily News Egypt Daily News Egypt

Credit Agricole Egypt prepares to comply with new banking law, increase capital to EGP 5bn: Managing Director

The parent group supports bank’s unity in Egypt due to importance of…

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New banking law presented to CBE board of directors: Amer

Kuwait agrees preliminary to renew $4bn deposits to Egypt, says CBE governor

Shaimaa Raafat Shaimaa Raafat

Controversy intensifies over new Banking Law

CBE surveyed IMF and World Bank experts regarding the law after field…

Hossam Mounir Hossam Mounir