Banking

The latest banking stories from Egypt and across the globe, by the Daily News Egypt banking team, including global insight and commentary on the top issues concerning this sector.
Latest Banking News

Faisal Islamic Bank reports 12.1% asset growth to EGP 108.701bn in July

Bank’s retail banking portfolio amounted to about EGP 1.205bn in June 2020

Hossam Mounir Hossam Mounir

Egypt consumer confidence in e-payments increases amid COVID-19: Visa

86% of consumers trust contactless transaction technology, 69% support payment with QR…

Daily News Egypt Daily News Egypt

EALB accelerate efforts to achieve digital transformation: Chairperson

Bank achieves 191% in retail sector growth to EGP 1.6bn in June,…

Hossam Mounir Hossam Mounir

Suez Canal Bank gives financial inclusion top priority: Chairperson

Bank has launched several new products recently as part of ambitious digitisation…

Hossam Mounir Hossam Mounir

Egypt leads Arab world in digital wallets, e-payment services: AMF

There are currently 178,000 e-payment outlets across 8 Arab countries, mainly in…

Hossam Mounir Hossam Mounir

Opinion| Virtual remedies: Countering COVID-19 with digitisation

Like others, Egypt is leveraging digitisation processes to boost trade facilitation, support…

Chaker Zeraiki Chaker Zeraiki

NBE launches new services to support digital banking strategy

New services include money transfers using IBAN, payroll, credit card activation and…

Hossam Mounir Hossam Mounir

ABE to install 25,000 POS terminals at agricultural entities nationwide: Chairperson

Bank has issued about 1.6m Meeza cards and 85,000 smart cards to…

Hossam Mounir Hossam Mounir

IDB prepares to launch full range of digital banking services: Chairperson

Bank has allocated significant budget to achieve comprehensive technological development, establish electronic…

Hossam Mounir Hossam Mounir

Significant increase in customers using Bank Audi electronic channels: Egypt CEO

COVID-19 has contributed to changing behaviour patterns of large proportion of banking…

Hossam Mounir Hossam Mounir