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

Orascom Construction to build HDB headquarters at the NAC for EGP 636m

Building located on 9,843 sqm, to be completed in 18 months

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UNB – Egypt eyes 3% market share by end-2023: El-Sewerky

Bank working to advance production, achieve sustainable development in Egypt by focusing…

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Youth tops CIB’s priorities: Abaza

“We seek to keep pace with banking developments in the world,” says…

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Banks’ SMEs funding amounts to EGP 146bn, targeting EGP 200bn by year-end: El-Etreby

The CBE has instructed banks working in the local market to allocate…

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Banks reduce NPLs allocations by EGP 2.95bn in June 2019

Reserves declined to EGP 236.06bn end-June, compared to EGP 238.89bn end-May

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Household sector accounts for 80.4% of total bank deposits

It accounts for 83.6% of total deposits in local currency, 68.7% in…

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EBI’s role goes beyond training employees in banking sector: Nossier

Institute started offering more developed training courses to support financial inclusion, says…

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AAIB arranges EGP 6bn securitised bonds, Egypt’s biggest transaction in 2019

A securitisation transaction is a debt capital market financial instrument whereby future…

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Madbouly, Amer inaugurate 43rd session of Council of Arab Central Banks Governors, Arab Monetary Associations on Sunday

Meetings discuss latest economic, financial, monetary developments, banking supervision, financial stability, inclusiveness,…

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Bank deposits up by EGP 95.471bn recording EGP 4.007tr in June

Banks’ credit facilities see EGP 224.7bn rise, private business sector holds 60.7%

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