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

Foreign assets deficit continues to widen in banks

Exit of foreign capital from emerging economies trailed in October at slower…

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Credit facilities granted by banks to their clients increased by EGP 25.3bn in October

Private business sector covered for 61% of total credit facilities, industries among…

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EFG Hermes Leasing, HSBC team up to finance capital expansion of SMEs

Agreement supports CBE initiative to strengthen sector, raises its contribution to formal…

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MSMEs account for 75% of ABE’s loans portfolio by end October: chairperson

Bank pumped EGP 605m to 1,314 clients in CBE's initiative, says Elkosayer

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HDB profits scored EGP 1.393bn end September: chairperson

Bank's housing projects profits increased to EGP 370.3m end of September, up…

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United Bank shifting from losses to profits, earning over EGP 1bn: chairperson

Bank injected EGP 136m to 1,800 low- and middle-income mortgage financing clients,…

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Suez Canal Bank’s financial position stands at EGP 45.3bn end-September: chairperson

Syndicates loans up by EGP 1.8n to EGP 4.8bn, as bank jointly…

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CBE Governor, Libyan bank delegation, discuss fortifying mutual cooperation, exchanging experiences between two sides

Both sides agree on economic issues, pay great attention to technical support,…

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CBE to review interest rates on Thursday as 2018 meetings conclude

Strong hopes rates to remain stable for 6th consecutive time; 16.75% for…

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IDB grants EGP 50m to Tamweely Microfinance to re-lend to projects for low-income groups, most vulnerable

MSMEs portfolio reached EGP 3.4bn, EGP 750m in pipeline: Fahmy

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