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

Foreign currency deposits account for 21.73% of total bank deposits end-May

Deposit growth fell to 11.34% in May from 11.46% in April

Hossam Mounir

Egypt repaid $25bn of debt in two years: CBE

The CBE said in a recent report that these debts include $21bn…

Daily News Egypt

Yields on T-Bonds lose 0.85-1.38% after CBE’s interest rate cut

Banks cut interest rates amid noticeable reservation so as not to affect…

Hossam Mounir

Banks pumped EGP 400m to develop informal areas in Cairo and Giza: Ezz El Arab

CIB chairperson reveals that the development process includes infrastructure, roads, water delivery,…

Hossam Mounir

Limited interest rate cuts at banks’ on first business day following CBE decision

Yield on T-bills on Sunday's auction dropped by 0.75-1.5%

Hossam Mounir

Private sector awaits further interest cuts to resume borrowing from banks: HC

Banks are likely to extend deposit maturity to grant long-term loans without…

Hossam Mounir

Egypt’s business community awaits more interest rates’ cuts to boost investment

Monetary easing cycle to create jobs, positively reflect on middle class, say…

Hagar Omran

Banks to start intensive meetings Sunday to discuss implications of interest rate cuts

Government welcomes decision, investment banks forecast further cuts by end-2019, depositors are…

Hossam Mounir

HDB achieves EGP 1.072bn net profits June-end

Deposits up EGP 3.1bn, loans grow by EGP 1.24bn, capital adequacy ratio…

Daily News Egypt

CBE interest rates cut to positively impact businesses, EGX, banks to readjust

Experts forecasts further cut before end-2019, debt instruments remain attractive

Hossam Mounir