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

USD loses over 122 piasters against Egyptian pound since start of 2019

Egypt received strong foreign exchange inflows during the recent period, which has…

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Seffa appointed Managing Director of Attijariwafa bank-Egypt, Sakr nominated as Chairperson

Seffa is leading figure who enjoys long history, experience within Group, appointing…

Hossam Mounir Hossam Mounir

EGP 399bn total corporate finance portfolio, syndicated loans at NBE end of April 2019

Bank arranged 17 syndicated loans in 2018 worth EGP 90bn, won 15…

Hossam Mounir Hossam Mounir

IDB continues expansion plan with opening of new branch downtown Cairo

Ambitious plan, to support national economy, Egyptian industry in reaching world: Fahmy

Hossam Mounir Hossam Mounir

Bank Audi has yet to apply for CBE approval to acquire NBG-Egypt: Helal

In May, Bank Audi signed the final acquisition contract of the NBG-Egypt,…

Hossam Mounir Hossam Mounir

AfDB to focus on financing manufacturing sector in Egypt

The African Development Bank (AfDB) will focus on financing the manufacturing and…

Hagar Omran Hagar Omran

Tamweely Microfinance increases capital to EGP 75m

Company targets expansion to 40 branches by year-end, 60 branches by 2020,…

Hossam Mounir Hossam Mounir

Net profit of Banque du Caire reaches EGP 1.218bn in Q1 of 2019

Good results always push us to continue development, says Fayed

Hossam Mounir Hossam Mounir

Amer: 30-40% of Banque du Caire shares to be floated by October 2019

CBE receives 3 bids for United Bank, awaiting new offers

Hossam Mounir Hossam Mounir

CBE regulates banks transactions with technical payment aggregator, facilitators

Boards of directors shall ensure banks' plans match reliance on these companies,…

Hossam Mounir Hossam Mounir