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

EGP 29.4bn in sales of NBE, Banque Misr 15% saving certificates in 5 days

New saving certificates issued by NBE and Banque Misr gain LE 10.7…

Hossam Mounir

CBE includes agricultural, aquaculture production firms in EGP 100bn industry support initiative

Initiative allows access to subsidised loans at declining 8% interest rate

Hossam Mounir

EBI launches remote evaluation services for bank employees

Evaluation covers technical knowledge, English language tests, behavioural assessment, says Nosseir

Hossam Mounir

Ministry of Agriculture, ABE cooperate to support poultry farmers, milk collection centres

The protocol was signed by Alaa Farouk Zaky, Chairperson of the bank…

Hossam Mounir

CBE offers 2-year hotel loans with 6-month grace 

Government halts administrative distraint on defaulters in tourism sector for one year

Hossam Mounir

NSB defers loan repayments for 6 months under CBE’s initiative

Vice Chairperson and CEO of NSB Sharif Farouk denied what was reported…

Hossam Mounir

EGP 6.2bn worth of 15% certificates sold by NBE, Banque Misr on first day

80% of NBE’s certificate sales took place online

Hossam Mounir

Banks implement CBE’s initiative delaying loan instalments for individuals, companies

CBE included microfinance sector in the initiative on Monday

Hossam Mounir

El-Etreby tapped as FEB Chairperson for three-year term

Okasha as deputy chairperson, Abaza as treasurer

Hossam Mounir

Initiative to postpone loan installments for 6 months applies to regular, irregular individuals, institutions: CBE

Initiative includes clients of financial leasing, real estate, factories , SMEs, personal…

Hossam Mounir