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

Attijariwafa Bank Egypt to be amongst biggest 10 banks in local market end-2022: Managing Director

We are taking concrete steps toward achieving bank's expansion strategy, and are…

Hossam Mounir

Egypt’s balance of international bonds in European currency rises to €4bn

Finance Ministry launches 2 new tranches, one for 6-year term worth €750m,…

Hossam Mounir

Three Egyptian banks among 500 best banking brands in world

List includes NBE, Banque Misr, CIB – Egypt

Hossam Mounir

EGP 550m increase in HDB profits in 2018

Net profit per share increases to EGP 12.89, compared to EGP 6.55…

Hossam Mounir

NBE net profits reach EGP 10.1bn by end-June 2018

Bank has carried out settlements for troubled loans by EGP 6bn for…

Hossam Mounir

Resignations, leadership reshuffle in banks operating in Egypt

More changes expected over upcoming period as new Banks Law gets issued

Hossam Mounir

Banks operating in Egypt are strong, safe: CBE

NPLs down to 3.9% of total loans by end-2018

Hossam Mounir

CIB Egypt signs cooperation protocol with ‘Business Women of Egypt 21’

Protocol comes within bank’s efforts to support members of BWE21

Daily News Egypt

Suez Canal Bank increases branch network by 2 branches to 43

Bank aims to reach out to new customer segments, says bank’s chairperson

Hossam Mounir

Tamweely negotiates with 4 banks for supplementary financing of EGP 400m

Company injects EGP 700m of micro loans to 40,000 clients through 38…

Hossam Mounir