E

Egyptian Banks

Operates interoperable national payments network

Overview

Egyptian Banks Co. for Technological Advancements (EBC) builds and operates Egypt’s payments infrastructure to connect banks, wallets, merchants and cash points for fast, interoperable transactions. It runs networks such as the 123 Shared Cash Network, the Automatic Clearing House, Meeza Digital, the Meeza National Card Scheme, and the Instant Payment Network, plus the INSTAPAY app that lets consumers access bank accounts for instant transfers. EBC acts as the central hub of the national payments system with state-backed credibility and a multi-rail platform that supports inclusion and a cashless society. Its goal is to be the nucleus of the national payment ecosystem, accelerating electronic payments and advancing financial inclusion nationwide.

Work here?Claim your company

About Egyptian Banks

Simplify's Rating
Why Egyptian Banks is rated
B+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

New Cairo City, Egypt

Founded

1995

Get referred to Egyptian Banks

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • CBE held rates at 19% deposit and 20% lending on August 20, 2026.
  • Fitch on September 8, 2026 projected sector ROE above 20% in 2026.
  • July 2026 foreign-currency deposits rose to EGP 3.425 trillion, strengthening funding.

What critics are saying

  • Treasury proposed restricting Banque Misr UAE branches from U.S. financial access on August 28, 2026.
  • Fitch flagged EGP depreciation as a CET1 risk after $6 billion T-bill outflows.
  • A severe pound devaluation would erase capital buffers and trigger emergency recapitalizations.

What makes Egyptian Banks unique

  • Egyptian banks posted EGP 218.4 billion Q1 2026 net profits, per CBE.
  • Sector NFA reached $28.4 billion in July 2026, highest since 2012.
  • CBE asset base hit EGP 24.1 trillion in 2025, with NPLs at 1.9%.

Help us improve and share your feedback! Did you find this helpful?

Recently Posted Jobs

Sign up to get curated job recommendations

Egyptian Banks is Hiring for 21 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs