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

Banque Misr to expand non-banking services, buy minority stake in CI Capital

Bank to continue buying shares in CI Capital to bring its stake…

Alyaa Stohy Alyaa Stohy

HDB net profit grows slightly to EGP 604.584m in Q1 of 2020

Bank continues providing uninterrupted comprehensive services alongside preventive measures to protect employees…

Hossam Mounir Hossam Mounir

IDB pre-tax profit increases %3.1 to EGP 391m in 2019

Bank's total financial position increased to EGP 30.380bn in 2019, an increase…

Hossam Mounir Hossam Mounir

Banque Misr, FEI sign cooperation protocol to stimulate real estate financing

Banque Misr signed the protocol as part of its vision to stimulate…

Hossam Mounir Hossam Mounir

Financial position of banks in Egypt up EGP 648.9bn in 1Q-3Q FY2020: CBE

Net foreign assets decline by EGP 171.5bn in March, foreign investments in…

Hossam Mounir Hossam Mounir

Emerging markets experience sharpest capital outflow in March since 2008: CBE

Monetary and fiscal stimulus policies, structural reforms cushion negative consequences of coronavirus…

Hossam Mounir Hossam Mounir

HSBC Egypt launches HSBCnet Mobile app for businesses

In a first for the Egyptian market, companies can now manage their…

Daily News Egypt Daily News Egypt

CBE offers $500m worth T-Bills on Monday

Proceeds to cover a previous offer worth $715m issued on 11 June…

Hossam Mounir Hossam Mounir

Recent devaluation of Egyptian pound against US dollar normal, temporary: banking pundit

Like all currencies worldwide, local currency bound to be affected by current…

Hossam Mounir Hossam Mounir

US dollar appreciates slightly to EGP 15.92 at CBE

The Swiss franc reached EGP 16.5466 for buying and EGP 16.6522 for…

Daily News Egypt Daily News Egypt