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

CIB launches new personal loan product for low-income payroll customers

The new personal loan is dedicated to customers with a monthly salary…

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BLOM BANK has no intention in exiting Egyptian Market: statement

It is noteworthy that recently, there was some news circulating about a…

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Attijariwafa Bank launches initiative to limit single-use plastic bag consumption 

The bank aims to expand its participation in environment conservation and to…

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CIB aims to raise EGP 15bn to finance expansion

CIB’s consolidated net income grows by 23% to EGP 11.8bn in 2019,…

Mohamed Samir Mohamed Samir

Technology main player in financial inclusion: Hisham Tawfik

NBE, Misr Life Insurance jointly launch ‘Tomorrow Pension’ bank insurance product

Hossam Mounir Hossam Mounir

CIB deploys digital solutions to revolutionise banking sector

Bank aims to teach younger generation how to manage their money, grow…

Hossam Mounir Hossam Mounir

CIB named constituent of 2020 Bloomberg Gender Equality Index

The bank is the only Egyptian institution to be included among the…

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Renewing SME initiative for another 4 years: CBE’s Amer

Banks pumped EGP 160bn to finance 86,000 small, medium enterprises

Hossam Mounir Hossam Mounir

Capital flows return to emerging markets in September after August exit: CBE

Direction of capital movement remains dependent on future outlook of economic activity…

Hossam Mounir Hossam Mounir

Foreign investments in Egypt’s T-Bills rise to EGP 254.30bn December 2019

Increase of total outstanding balances of T-Bills to EGP 1.512trn 2019-end

Hossam Mounir Hossam Mounir