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

HDB takes part in EGP 650m syndicated loan to finance Borg El-Arab pharmaceutical plant

The alliance also includes the Export Development Bank of Egypt (EBE), Egyptian…

Hossam Mounir

Net foreign assets of Egypt’s banking sector up EGP 51.958bn in September

This came in addition to the decrease in the volume of foreign…

Daily News Egypt

Finance Ministry to issue EGP 196.5bn worth T-bill, bond tenders in November

The offering comprises 16 tenders for T-bills worth EGP 158bn, and 10…

Hossam Mounir

ADIB-Egypt introduces innovative ‘Beat’ contactless payment device

Device to use contactless technology allowing customers to quickly, easily, and securely…

Hossam Mounir

Sustainable innovation, empowering human capital to drive Cairo’s post-COVID-19 growth: HSBC

Published on UN World Cities Day, the HSBC City Report focuses on…

Daily News Egypt

Egypt’s bank deposits increase to EGP 4.788trn in July 2020: CBE

Private businesses receive 59.8% of total bank facilities, with industry at forefront…

Hossam Mounir

FAB to resume negotiations for Bank Audi – Egypt acquisition

Bedir added that the two banks held fruitful discussions early this year,…

Daily News Egypt

ABE Chairperson explores finance schemes for agricultural projects in Toshka

Farouk said that the ABE’s field visits to inspect agricultural projects across…

Hossam Mounir

CIB awaits CBE audit report following chairperson’s resignation

Two audit firms to look into CBE report on CIB violations, should…

Alyaa Stohy

Agricultural Bank of Egypt targets 30-million customer base over 5 years

Financing programme for needy families, rural women, and craftsmen to be launched…

Hossam Mounir