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

Household sector accounts for 80.4% of total bank deposits

It accounts for 83.6% of total deposits in local currency, 68.7% in…

Hossam Mounir

EBI’s role goes beyond training employees in banking sector: Nossier

Institute started offering more developed training courses to support financial inclusion, says…

Hossam Mounir

AAIB arranges EGP 6bn securitised bonds, Egypt’s biggest transaction in 2019

A securitisation transaction is a debt capital market financial instrument whereby future…

Daily News Egypt

Madbouly, Amer inaugurate 43rd session of Council of Arab Central Banks Governors, Arab Monetary Associations on Sunday

Meetings discuss latest economic, financial, monetary developments, banking supervision, financial stability, inclusiveness,…

Hossam Mounir

Bank deposits up by EGP 95.471bn recording EGP 4.007tr in June

Banks’ credit facilities see EGP 224.7bn rise, private business sector holds 60.7%

Hossam Mounir

Domestic public debt records EGP 4.205tr in end-March

Domestic debt records 79% of GDP, of which 86.4% is owed by…

Hossam Mounir

Subscription in ATAA charitable fund to start on 7 October: NSB

The NSB's board of directors agreed to allow Banque Misr, the National…

Hossam Mounir

ABE participates in launching digital platform for agriculture

This platform recognises the ABE’s role in the digital transformation in Egypt,…

Hossam Mounir

EBE allocates EGP 200m to develop its technological infrastructure in FY 2019/20

In a statement to Daily News Egypt during his participation at the…

Daily News Egypt

Non-bank financial activities use financial technology to shape new future

The FRA's plan includes proposing the appropriate legislative amendment to adopt electronic…

Alyaa Stohy