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

Banks issued over 31m e-payment cards in Egypt by end-2018: CBE

Largest ten banks in Egypt hold more than 81% of credit and…

Hossam Mounir

Bank financing’s contribution to budget deficit declines in 2Q19: CBE

Investors' shift from T-Bills to T-Bonds reflects positive change in their macroeconomic…

Hossam Mounir

AAIB sets up EGP 1.5bn syndicated loan to Marakez

Loan to finance 50% of new mall on Cairo-Sokhna road

Hossam Mounir

Data protection, cybersecurity key to ensure reliability of digital services in Africa: Ezz Al-Arab

CIB chief calls for early warning systems to combat financial crime on…

Hossam Mounir

HSBC Egypt starts dealing in China’s Renminbi

A complete suite of solutions for managing foreign exchange flows, trade settlement…

Hossam Mounir

GDP growth rate to continue moving onwards and upwards: CBE

Budget deficit projected to decrease to 8.2%, 7.2% of GDP in FY…

Hossam Mounir

Banque du Caire reports EGP 1.93bn net profit in 1H2019

We have many ambitious goals to achieve our strategic vision, says Fayed

Hossam Mounir

Egypt scraps customs dollar; price to depend on CBE exchange rate

Government sources told Daily News Egypt that the decision was taken by…

Daily News Egypt

EBI studies opening special training unit in cooperation with African countries

“We aspire to be an educational ‘beacon’ for all employees in the…

Hossam Mounir

Banks’ credit facilities see EGP 218.6bn rise in 11 months

Private sector accounts for 60.8% of total facilities, with industry in the…

Hossam Mounir