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 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

CBE selects its historic building in downtown Cairo as the headquarters of FinTech Hub

Bank is launching its FinTech Hub, begins pilot phase in June

Hossam Mounir

EALB member of JoPACC directors board

The company aims to build and develop programmes and systems for electronic…

Hossam Mounir

Total of 43 foreign, domestic investors offer to invest $970.6m in Egyptian T-Bills

CBE accepts 24 offers worth $715m with 3.85-3.88% interest

Hossam Mounir

Citi invites Middle East, North Africa, Pakistan, Turkey Fintech Community

Group renews support to ‘Skills for Success: Employability Programme’ with AMIDEAST

Nevine Kamel

New Era for Egypt: Ban on cryptocurrencies to be lifted

Egypt’s ban of cryptocurrencies is due to be lifted, meaning companies that…

Daily News Egypt

US dollar value continues decline against EGP in banks on Monday

The US dollar lost two piasters in the Egyptian National Bank and…

Nehal Samir

13 banks in Egypt score EGP 8.48bn in net profits in 1Q19

CIB ranks 1st with profits of EGP 2.64bn, QNB AlAhli follows, Faisal…

Hossam Mounir

AlexBank, SBC, Pride Capital partner to bring world’s biggest FinTech accelerator to Egypt

The Fintech accelerator programme is considered the first of its kind in…

Hossam Mounir