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

Private sector awaits further interest cuts to resume borrowing from banks: HC

Banks are likely to extend deposit maturity to grant long-term loans without…

Hossam Mounir Hossam Mounir

Egypt’s business community awaits more interest rates’ cuts to boost investment

Monetary easing cycle to create jobs, positively reflect on middle class, say…

Hagar Omran Hagar Omran

Banks to start intensive meetings Sunday to discuss implications of interest rate cuts

Government welcomes decision, investment banks forecast further cuts by end-2019, depositors are…

Hossam Mounir Hossam Mounir

HDB achieves EGP 1.072bn net profits June-end

Deposits up EGP 3.1bn, loans grow by EGP 1.24bn, capital adequacy ratio…

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CBE interest rates cut to positively impact businesses, EGX, banks to readjust

Experts forecasts further cut before end-2019, debt instruments remain attractive

Hossam Mounir Hossam Mounir

CBE slashes interest rates by 1.5%

CBE slashed overnight deposit rate, lending rate, and the rate of main…

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CBE to consider interest rates on Thursday amid expectations of cuts

Falling inflation and US interest paves the way for CBE to cut…

Hossam Mounir Hossam Mounir

Industrial Development Bank offers funding to Shaq El-Teaban investors

Bank's credit portfolio increased to EGP 11bn end-July, of which EGP 1.6bn…

Hossam Mounir Hossam Mounir

37 local and foreign investors bid to invest €780.1m in Egyptian T-bills: CBE

CBE set accepted yield minimum at 1.4%, maximum at 1.5%, average at…

Hossam Mounir Hossam Mounir

Banque du Caire to offer 30-40% stake on EGX by end-2019 or early 2020: Chairperson and CEO

Fayed statement came on the sidelines of the loan signing ceremony with…

Hossam Mounir Hossam Mounir