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

Egypt’s domestic debt falls to EGP 4.186tn; external debt up to $109.3bn Sept. 2019: CBE

External debt service reaches $2.9bn, including $1.7bn in instalments, $1.2bn in interest

Hossam Mounir

CIB launches Prime Me bundle targeting Millennials

The bundle features a range of banking and non-banking benefits, based on…

Daily News Egypt

Misr Insurance Holding eyes 10% growth in consolidated net profits: chairperson

Company’s plan relies on achieving ambitious growth rates in various activities that…

Hossam Mounir

NBE targets 15-20% growth in all sectors: vice chairperson

We aim to channel more financing to SMEs and retail loans: Aboul…

Hossam Mounir

“We aspire to put HDB among Egypt’s top 10 banks”: Ghanem

We aim to focus on industry in our next plan, in implementation…

Hossam Mounir

Credit Agricole Egypt embarks on digital transformation plan for three years

Bank will be part of the CBE’s initiative to support industrial sector

Hossam Mounir

IDB profits reach EGP 512m in 2019

We continue to support and develop Egyptian industries to achieve sustainable development:…

Hossam Mounir

Egypt’s external debt up 17.3% YoY to $108.7bn in FY19

External debt-to-GDP ratio 36% in Egypt, 48.5% in Latin America, 47.5% in…

Hossam Mounir

SAIB launches new brand identity

Identity and branding reflect the bank's core values of unity, trustworthiness, strength,…

Hossam Mounir