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 Hosts Annual Workshop in field of money laundering, terrorism funding

Hosting this workshop confirms state’s keenness on supporting efforts to face challenges…

Hossam Mounir Hossam Mounir

New role, form for ABE in coming period: ElKosayer

Bank embarked on comprehensive restructuring, development process based on extensive support received…

Hossam Mounir Hossam Mounir

NBE holds 29% of deposits, 21.2% of retail loans in Egyptian banking sector

Bank achieved 17% growth in deposits to EGP 1.186bn end-June 2019, retail…

Hossam Mounir Hossam Mounir

NBE finances first phase of Roxy hydraulic parking garage by EGP 162m

Transportation projects among NBE’s top funded sectors, says NBE’s Sherif Riad

Hossam Mounir Hossam Mounir

Faisal Islamic Bank of Egypt registers EGP 1.376bn in profits in H1of 2019

Total assets of bank increased to EGP 97.289bn end-June, up from EGP…

Hossam Mounir Hossam Mounir

Bank deposit growth slows to 11.46% in April from 11.85% in March

DNE sheds light on key performance indicators of banks operating in local…

Hossam Mounir Hossam Mounir

I-Score to sign cooperation protocol with Ministry of Justice to provide bankruptcy data

Company signed cooperation protocol with ITDA to automate commercial register customers bank…

Hossam Mounir Hossam Mounir

Banque Misr opens 2 BDS centres in Sadat, Damietta cities

New centres’ locations selected as per Egypt’s investment opportunities map

Hossam Mounir Hossam Mounir

NBE’s mortgage finance portfolio exceeds EGP 7bn end-June

CBE’s initiative beneficiaries reach 68,000 this June, up from 38,000 in June…

Hossam Mounir Hossam Mounir