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 aims to close deferred losses file completely during H1 2019: Chairperson

We need cultural reform plan to develop people's awareness that to thrive…

Hossam Mounir Hossam Mounir

Banque du Caire to expand funds in all economic sectors to assist in economic development: Chairperson

‘We achieved 80% growth rate in financing SMEs, 95% in micro funding,…

Hossam Mounir Hossam Mounir

2019 is year of challenges, opportunities for banks

There are many challenges, pressures on banks' budgets, profits in upcoming period

Daily News Egypt Daily News Egypt

Ridding NPLs is dream of Suez Canal Bank chairperson in 2019

'We managed to settle EGP 1.5bn of debts in last 18 months':…

Hossam Mounir Hossam Mounir

Egypt paid $1.36bn of international bond balances in December 2018

Ministry of Finance reduced volume of outstanding balances of international bonds to…

Hossam Mounir Hossam Mounir

ABE general assembly adopts bank’s articles of association

Assembly decision last measure to complete implementation of Law 84 for merger…

Hossam Mounir Hossam Mounir

17.4% increase in total bank deposits balance in 2017/18: CAPMAS

Total deposits balance increased in 2017/18 to reach EGP 3553.6bn, with an…

Hossam Mounir Hossam Mounir

All banks operating in Egyptian market invited to adopt principles of responsible banking

Egyptian banking sector is strong, capable of achieving Egypt's leadership in sustainable…

Hossam Mounir Hossam Mounir

Micro finance portfolio at Banque du Caire registers EGP 4.5bn at end of December: Chairperson

Bank launches community training, employment project for youth at beginning of 2019

Hossam Mounir Hossam Mounir

Banque Misr manages, arranges 38 funding deals worth EGP 60.16bn in 2018

Bank ranks first among banks working in Egypt in terms of joint…

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