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

NBE studies establishment of rowing club in Cairo

Bank to continue sponsoring the Egyptian Rowing Federation and other games in…

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NBE’s financial position records EGP 1.7trn in 2019

Bank’s deposits reached EGP 1.3trn, while loans were EGP 570bn, including EGP…

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Al-Ahly Medical to establish its first-ever hospital soon, costing over EGP 100m

The NBE’s Vice Chairperson Yehia Aboul Fotouh said the company has previously…

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CBE to offer $800m worth T-Bills next Monday

The proceeds of the tender goes to repay a previous tender worth…

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IDB to open first business centre in Borg Al Arab in 2020

Among those activities was the bank’s sponsorship of the Business Centre for…

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Al Ahly Capital acquires Pharos Securities

The bank finishes the procedures for acquiring Pharos Securities, Pharos Portfolio Management,…

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CBE reveals most prominent bank financial safety indicators by 3Q2019 end

EGP 306bn increase in the total financial position of banks to reach…

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Egyptian banking sector’s net profits reach EGP 60.758bn in September

Top five banks hold 48.98% of total profits, and biggest 10 gain…

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CBE postpones MPC meeting to 16 January to decide on interest rates

After four interest cuts since the beginning of 2019, analysts and bankers…

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Balances of HDB’s Children & Youth Saving Account total EGP 645m

Bank prepares for a national savings project in cooperation with youth and…

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