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

AOI to support Agricultural Bank of Egypt’s digital transformation

AOI Chairperson Abdel Moneim El-Terras stressed that the agreement reflects President Abdel…

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NBE, Banque Misr contribute EGP 60m to Health Ministry’s COVID-19 fight

NBE donates EGP 8bn in past 6 years, while Banque Misr gives…

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Parliament approves new Banking Law ensuring monetary stability

The approval was given after a standing vote on the new law,…

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New facilities to remove levy on taxpayers’ bank accounts: CBE

This is applicable on natural or legal persons regardless of their activity.…

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Crédit Agricole Egypt postpones over 120,000 facilities amid COVID-19 battle

Banks records sharp 45% increase in company’ digital transactions and 35% for…

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IDB finalises its technological infrastructure, prepares e-services launch

Bank allocates EGP 600m to comprehensive technological development, establish electronic branches, expand…

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Private sector holds 61.7% of total bank loans in April: CBE

Total deposits see 14.33% growth in April, compared to 13.9% in March;…

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Financial position of banks in Egypt up to EGP 6.421trn in April: CBE

Total deposits up by EGP 92.4bn, total loans rise by EGP 91.9bn

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CIB reports EGP 7.542bn in pre-tax profit during H1 of 2020

Bank made allocations of EGP 2.260bn, compared to EGP 795m during same…

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Crédit Agricole proud of about 50-year operation in Egypt: Country Managing Director 

Crédit Agricole Egypt has successfully become market player and partner to Egyptian…

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