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

Faisal Islamic Bank of Egypt registers EGP 1.376bn in profits in H1of 2019

Total assets of bank increased to EGP 97.289bn end-June, up from EGP…

Hossam Mounir

Bank deposit growth slows to 11.46% in April from 11.85% in March

DNE sheds light on key performance indicators of banks operating in local…

Hossam Mounir

I-Score to sign cooperation protocol with Ministry of Justice to provide bankruptcy data

Company signed cooperation protocol with ITDA to automate commercial register customers bank…

Hossam Mounir

Banque Misr opens 2 BDS centres in Sadat, Damietta cities

New centres’ locations selected as per Egypt’s investment opportunities map

Hossam Mounir

NBE’s mortgage finance portfolio exceeds EGP 7bn end-June

CBE’s initiative beneficiaries reach 68,000 this June, up from 38,000 in June…

Hossam Mounir

NBE SME’s portfolio reaches EGP 65bn end-June

Bank opens 1st specialised centres in business development services in Al-Yasmeen branch

Hossam Mounir

Banks’ credit facilities see EGP 242.6bn rise in 10 months: CBE

Deposits up by EGP 1bn only as non-governmental deposits drop

Hossam Mounir

Banque Misr allocates EGP 13bn for MSMEs in FY 2018/19

Bank signs cooperation protocol with universities to provide workspaces for entrepreneurs

Hossam Mounir

Capital re-flows into EMs starting Q1 of 2019, 11 months after fleeing: CBE

Direction of capital flows depends on outlook for economic activity rate of…

Hossam Mounir

Net consolidated profits of QNB end of June 2019 reach EGP 4.217bn

Bank accounts for 7.82% of loans, 5.17% of deposits in Egyptian banks…

Hossam Mounir