Banky has been named the "Best Banking Services Comparison Site in Egypt 2023" by World Business Outlook Magazine
Banky has been named the (Best Banking Services Comparison Site in Egypt 2023) by “World Business Outlook" Magazine. The award was based on several technical criteria which were selected and analyzed by a group of experts in various fields to evaluate the performance of international institutions.
19 banks submitted a request to deposit EGP 232.4 bn, but the central bank of Egypt agreed for EGP 75 bn only, at a rate of allocation of 32.27%, This is mentioned in recent data issued by CBE today. The data published on the Central Bank of Egypt's website revealed that the fixed interest rate on deposits for a week is about 16.75%.
Ahmed Salem, Managing Director of Al-Ahly Group for Financial Services, said that the company is in direct contact with all investors wishing to be present in Egypt to attract more investments in the Egyptian market, explaining that the company’s business includes many activities, such as trading securities and asset investments, and all financial and investment services that investors need.
Customer deposits at the Commercial International Bank – Egypt, in foreign currency, witnessed a remarkable development during the past 4 years, as an analysis conducted by the “Banky” website revealed that CIB deposits in foreign currency amounted to 30.6% of the bank’s total deposits by the end of December 2022, and the bank also achieved a noticeable increase in deposits in foreign currency, to rise to the equivalent of 162.6 billion pounds at the end of December 2022, compared to the equivalent of 88.2 billion pounds at the end of December 2019.
