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

NBE SME’s portfolio reaches EGP 65bn end-June

Bank opens 1st specialised centres in business development services in Al-Yasmeen branch

Hossam Mounir Hossam Mounir

Banks’ credit facilities see EGP 242.6bn rise in 10 months: CBE

Deposits up by EGP 1bn only as non-governmental deposits drop

Hossam Mounir Hossam Mounir

Banque Misr allocates EGP 13bn for MSMEs in FY 2018/19

Bank signs cooperation protocol with universities to provide workspaces for entrepreneurs

Hossam Mounir Hossam Mounir

Capital re-flows into EMs starting Q1 of 2019, 11 months after fleeing: CBE

Direction of capital flows depends on outlook for economic activity rate of…

Hossam Mounir Hossam Mounir

Net consolidated profits of QNB end of June 2019 reach EGP 4.217bn

Bank accounts for 7.82% of loans, 5.17% of deposits in Egyptian banks…

Hossam Mounir Hossam Mounir

CBE to discuss interest rates on Thursday

Expected rise in inflation means CBE likely to keep interest rates unchanged…

Hossam Mounir Hossam Mounir

CIB achieves EGP 5.355bn net profit during H1of this year

Bank's Capital Adequacy Ratio reached 25.82% by end of June 2019

Hossam Mounir Hossam Mounir

Council of Arab Central Banks Governors to convene in Cairo by mid-September

Meeting will discuss regional and international monetary, financial, and economic developments

Hossam Mounir Hossam Mounir

Beltone expects CBE to keep interest unchanged

Investment bank expects inflation to temper at 13.3% in Q3 of 2019

Hossam Mounir Hossam Mounir

IDB launches its 1st savings vessel product

Bank managed to increase its retail banking portfolio to EGP 1.4bn in…

Hossam Mounir Hossam Mounir