Egyptian bank statements to Excel — Arabic-first, EGP-aware
Built for CBE-licensed banks. Fawry, InstaPay, and Meeza POS lines preserved. 2022–2024 EGP devaluation flagged, not silently averaged.
Egypt's banking sector is regulated by the Central Bank of Egypt (CBE) and includes 38 licensed banks. Kashfbank reads statements from the major ones: Commercial International Bank (CIB — Egypt's strongest private bank), National Bank of Egypt (NBE — state-owned, the largest by assets), Banque Misr (state-owned), QNB Al Ahli Egypt, Bank of Alexandria, and Faisal Islamic Bank of Egypt (one of the oldest Islamic banks in the region, founded 1977).
Central Bank of Egypt (CBE)
22.5% corporate income tax; 14% VAT; personal income tax 0–27.5% tiered; stamp duties on financial statements and contracts.
Jul 1 – Jun 30 (government); Jan–Dec (private sector)
Supported Banks in Egypt
The 2022–2024 EGP devaluation — the real statement-parsing challenge
Between March 2022 and March 2024, the Egyptian pound fell from approximately 15 EGP per USD to over 47 EGP per USD — a cumulative devaluation of more than 70%. Any statement spanning this period contains FX-driven entries that look misleadingly large in nominal terms but reflect the same underlying USD value. Kashfbank extracts the EGP amount exactly as printed; we do not silently inflation-adjust or normalize to a base year. If you need an FX-adjusted analysis, the clean CSV is the input for it.
The practical effect: a 2021 salary of EGP 20,000 and a 2024 salary of EGP 60,000 may represent the same USD purchasing power. Both rows come out of Kashfbank with their original EGP figure intact. The interpretation is yours; the extraction is faithful to the source.
Fawry, InstaPay, Meeza — the Egyptian digital payment rails
Fawry handles billions of bill and merchant payments annually and appears in Egyptian statements as 'FAWRY' followed by the transaction reference. InstaPay, launched by CBE in 2022 for instant peer-to-peer transfers, appears as 'INSTAPAY TRF'. Meeza, the national debit card network launched in 2019, appears as 'MEEZA POS' with the merchant name. Each is extracted with its own descriptor — Vodafone Cash, Orange Money, and Etisalat Cash mobile-wallet entries too.
The descriptors matter. An Egyptian freelancer reconciling income from a mix of Fawry, InstaPay, and bank transfers needs to see each channel separately. A flat 'incoming transfer' bucket is not enough.
VAT 14%, withholding tax 20%, and stamp duty
Egypt's VAT rate is 14% — different from the 15% in Saudi Arabia, the 5% in the UAE, and the 10% in Bahrain. Personal income tax is progressive from 0% to 27.5%. Corporate income tax is 22.5%. Egypt also levies a 20% withholding tax on savings interest, which appears as a deduction line on most interest-bearing accounts. Stamp duties show up on certain financial transactions. The converted Excel file separates each of these, so your accountant is not hunting through 60 pages of an NBE statement looking for the withholding line.
Output formatted for the Arabic-first Egyptian context
Date in DD/MM/YYYY format. Arabic description as the primary column with English secondary, since most Egyptian statements lead in Arabic. EGP amounts with the comma separator the bank prints. Account number, IBAN, and account holder name lifted from the statement header into named cells you can reference. Multi-account statements split into one sheet per account.
- Arabic-primary descriptions preserved as printed
- Fawry, InstaPay, Meeza POS rows kept distinct
- Withholding tax deductions extracted as separate rows
- Statements deleted after 24 hours; we never train on your data
Common Merchant Labels
| Label | Meaning |
|---|---|
| FAWRY | Fawry bill and merchant payment |
| INSTAPAY TRF | Instapay person-to-person transfer |
| MEEZA POS | Meeza national card point-of-sale |
| EGPOST | Egypt Post payment or transfer |
Regulatory Notes
CBE devalued EGP three times between 2022 and 2024, moving from ~15 EGP/USD to over 47 EGP/USD. Statements spanning this period require inflation-adjusted comparison. CBE mandates Arabic-primary statements.
Frequently Asked Questions
Does Kashfbank handle Arabic-only statements from NBE or Banque Misr?
Yes. Egyptian state-bank statements are typically Arabic-only, and we extract them in Arabic. We add an English description column based on the merchant code and bank-side label when available, but we do not translate the Arabic — it stays as the bank printed it.
What happens with a statement that spans the 2022–2024 EGP devaluation?
Every row comes out at the EGP amount the bank printed. We do not inflation-adjust or normalize across years. If you need an FX-adjusted view, the clean CSV is the input for it — your accountant or a separate analysis tool handles the adjustment.
Can it read scanned NBE statements?
Yes, but slower. Older state-bank statements often come as scanned PDFs without a text layer. We run OCR first, which adds time and may need a quick visual review of any rows the OCR was uncertain on. Newer CIB and QNB Al Ahli statements are text-layer PDFs and process in seconds.
Does it work with Faisal Islamic Bank statements?
Yes. Murabaha, Musharaka, and other Sharia-compliant entries appear with their original Arabic labels. We do not collapse them into a conventional interest-or-loan line.
How do Fawry and InstaPay rows appear in the output?
Each on its own row with the bank's original descriptor — 'FAWRY' for Fawry bill and merchant payments, 'INSTAPAY TRF' for InstaPay person-to-person transfers. You can filter or sum each channel independently in Excel.
Is the 20% withholding tax on savings interest visible in the output?
Yes. The deduction line appears as its own row with the bank's descriptor for tax withholding. That makes it easy to total the withheld amount for your annual tax filing.
Convert Egypt Bank Statements
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Common Payment Apps
Salary Conventions
Government salaries on the 25th–27th of each month. Private sector varies widely. EGP devaluation (2022–2024) means historical salary figures in statements will appear misleadingly large relative to current purchasing power.