Banks and Saving banks in Egypt
Egypt's banking system is divided in commercial banks (four of them are owned by the state), and they usually finance a wide range of transacctions. There are also investment banks and three specialized banks. Investment banks can be catalogued as joint venture banks and foreign banks, and they can promote new businesses, finance investments or foreign-trade transactions. Specialized banks carry out very specific activities (real estate, agriculture and industry), and they may accept demand deposits, and they are all state-owned. Several of those commercial banks are: Banque Misr, Banque du Caire, Barclays Bank Egypt or Commercial International Bank.
Banking system in Egypt has been reformed since 1990s, in order to make it more modern and liberalized, because it plays a very important role developing Egypt's economy. It will problably continue advancing because of the political and social changes society is experiencing. Changes could make easy to Egyptians and foreigners to obtain a motage for a property, for example.
Bank opening hours are from 8.30am to 2 pm, except on Fridays and Saturdays, and you can change money there. The most usual pound notes are 1, 5, 10, 20 and 50, and people can also withdraw cash from ATMs.
Safest Banks In Egypt - Global Finance
...Safest Banks In Egypt Global Finance...
Moody's downgrades five Egyptian banks by one notch - Reuters
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... banks in IPO program to boost stock market, revenues - Dailynewsegypt Daily News Egypt...
Egypt banks receive 11bn in a day for new high-interest CDs - The New Arab
... New Arab...
Egypt Forex Crunch Prompts New Limits by Some Banks - Bloomberg
...Egypt Forex Crunch Prompts New Limits by Some Banks Bloomberg...
Egypt banks awash in local pounds chasing scarce foreign currency - Nasdaq
...Egypt banks awash in local pounds chasing scarce foreign currency Nasdaq...
... and agrees with the IMF to increase a bailout loan to $8 billion The Associated Press...
Add a New Bank in Egypt
