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

BLOM Bank to conduct due diligence on selling Egypt unit

Several banks have shown interest in buying BLOM Bank – Egypt, but…

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Banque du Caire arranges EGP 670m syndicated loan to Marakez

Loan to finance 50% of total estimated investment cost of Mall of…

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CBE expected to hold interest rates during next MPC meeting

Market anticipates CBE announcement, on Monday, regarding inflation in July 2020

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Egypt’s net international reserves grow $113m in July to $38.315bn: CBE

Egypt’s international reserves consist of foreign currencies, gold, special drawing rights (SDR),…

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Banks in Egypt contribute EGP 700m to support daily labourers: El-Etreby

In exclusive statement to Daily News Egypt, El-Etreby said that the donations…

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Egypt’s local bank deposits increase to EGP 3.268trn in June: CBE

The CBE added that demand deposits recorded about EGP 482bn, of which…

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Egypt to offer 26 T-bills, bonds tenders worth EGP 185.25bn in August

Auctions part of government plan to borrow EGP 600bn from local market…

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NSB Board of Directors discuss restructure, development plans

El-Kabbaj said the meeting dealt with a range of topics, including the…

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Gold rises to 9-year high, strong expectations for continued rise

Gold remains safe haven in light of continuing global storms, says Abdel-Aal

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Digital transformation in banking no longer luxury: Credit Agricole’s Finas

After coronavirus, digitalising financial services become necessary to ensure customers’ comfort, safety,…

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