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

AfDB to focus on financing manufacturing sector in Egypt

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

Hagar Omran

Tamweely Microfinance increases capital to EGP 75m

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

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

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

CBE regulates banks transactions with technical payment aggregator, facilitators

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

Hossam Mounir

HDB joins the list of official sponsors of African Cup of Nations Total 2019

We aim to be 1 of top 10 commercial banks in Egyptian…

Daily News Egypt

Bank Audi-Egypt adds ‘Meeza’ card features on its debit, credit cards

Bank Audi- Egypt aims to support development of electronic payment system in…

Hossam Mounir

Faisal Islamic Bank of Egypt assets reach EGP 95.86bn by end of May

The bank's total assets stood at EGP 95.86bn, up from EGP 84.44bn…

Hossam Mounir

IDB’s mortgage finance portfolio up to EGP 1bn for 10,000 clients

Bank signs cooperation protocol with MFF for allocation, sale of 488 housing…

Hossam Mounir

CIB’s Extraordinary General Assembly approves authorised capital increase to EGP 50bn

Assembly grants board of directors right to establish branches, agencies, offices in…

Hossam Mounir