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

IDB’s net profits reach EGP 136m in M4 of 2019

Bank allocates EGP 500m to develop its technological infrastructure for modern banking…

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CBE governor, communications minister discuss expanding banking services in villages

Amer witnesses signing cooperation protocol to train workers of banking sector in…

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Egypt’s external debt rises to $96.6bn by end of December: CBE

Egypt's external debt rose to $96.6bn by the end of December 2018,…

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CIB profits reach EGP 2.64bn in Q1 of 2019

Total bank assets increase to EGP 351.68bn until end-March

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IDB allocates EGP 500m to develop bank’s technological infrastructure

We aim to increase the branches to 50 by 2023 up from…

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Al-Sharqawi represents Misr Insurance Company at SAIB Bank’s board of directors

The Central Bank of Egypt (CBE) has approved the appointment of Ashraf…

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Hussein Elgretly appointed as non-executive member of Suez Canal Bank’s board of directors

The Central Bank of Egypt (CBE) has approved the appointment of Hussein…

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Egyptian banking sector ranks 4th in terms of assets in Arab region: UAB

NBE ranked eighth among largest Arab banks with assets worth $75.6bn

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Foreign currency deposits up $1.3bn in 1Q 2019 to $42.81bn

Local currency deposits up by EGP 88.1bn to EGP 2.531tn at end…

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