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

COVID-19 accelerates HSBC existing transformation plans to digital services: Group General Manager

Bank has made strong contribution to all CBE initiatives to support economy…

Hossam Mounir Hossam Mounir

CBE offers EGP 20bn in T-Bills as market awaits Finance Ministry move

The CBE will issue Treasury Bills and bonds worth EGP 186bn in…

Hossam Mounir Hossam Mounir

CIB launches new online platform for financing supplier needs

It supports solutions and programmes to increase the working capital of the…

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CBE takes measures to reduce economic impacts of COVID-19

We moved quickly to preserve economic gains since launch of national economic…

Hossam Mounir Hossam Mounir

NBE achieves unprecedented EGP 300bn deposits boom

Significant increase,  brings bank’s deposit portfolio to EGP 1.5trn

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Suez Canal Bank sells stake in MIDOR for $30.6m

The Suez Canal Bank had owned a total of 560,000 shares, representing…

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CBE’s Monetary Policy Committee convenes to decide on interest rates

Maintaining local currency attractive amid economic uncertainty due to Covid-19 crisis suggests…

Hossam Mounir Hossam Mounir

Banque du Caire, EIB sign $100m loan agreement to finance SMEs

Fayed also emphasised that Banque du Caire’s keenness to boost and diversify…

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CIB commits $7m to test kits, support families impacted by COVID-19

The CIB contribution will also be dispersed to the National Emergency and…

Hossam Mounir Hossam Mounir

CBE reveals February 2020 data for banks operating in Egypt

Financial position of banks operating in local market touches EGP 6trn, deposits…

Hossam Mounir Hossam Mounir