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 banking authorities move to protect sector from 2nd COVID-19 wave

Bank extends exemptions for attending banks’ board meetings until 2021 end

Hossam Mounir

Banque Misr, Al Ahly Capital acquire 40% stake in IBAG for money transfer

Mohamed El Etreby, Chairperson of Banque Misr, said that this partnership is…

Hossam Mounir

Kenya’s top lender to purchase Rwanda, Tanzania Banks

Kenyan lender said that in Rwanda, upon completion of the acquisition, the…

Xinhua

ABE to launch temporary branch south Alamein to serve 1.5m feddan project

Permanent branch in same area to be set up soon and include…

Daily News Egypt

Strong FX reserves, structural reforms support Egypt against external shocks: CBE

Aboul Naga’s comments came during the opening session of the Payment, FinTech,…

Hossam Mounir

HSBC expects Egypt to build on growth momentum during 2021

Egyptian economy expected to grow by 2.5% in 2021, following 2.4% growth…

Hossam Mounir

Top 10 Egyptian market banks report EGP 14.661bn in net profits in September

QNB Alahli accounts for 38% of total profits achieved by top 10…

Hossam Mounir

HDB, MasterCard sign partnership contract to expand electronic payment system

This step is an activation of HDB's strategic objectives, which aim to…

Daily News Egypt

ABE signs agreement to finance 1.5 million-feddan reclamation project

Farouk emphasized ABE's keenness to cooperate with the Ministry of Agriculture and…

Hossam Mounir

CIB – Egypt celebrates five years of sustainability reporting

Event highlights importance of Bank’s commitment to creating shared value while contributing…

Daily News Egypt