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

Market welcomes CBE’s decision to end foreign investors funds repatriation mechanism

Decision planned since flotation in November 2016, we aim to direct investment…

Hossam Mounir Hossam Mounir

EGP liberalisation eliminated all FX shortage

Egypt's payments balance achieved overall surplus of $12.8bn, 5.1% of GDP for…

Hossam Mounir Hossam Mounir

Credit facilities granted by banks to clients increase by EGP 28.2bn in Q3 2018

Private business sector obtains 61.3% of these facilities, industry sector benefit most,…

Hossam Mounir Hossam Mounir

United Bank ends tax disputes of EGP 100m

Bank keen on solving all disputes of stamp duty, fulfill obligations towards…

Hossam Mounir Hossam Mounir

EU strengthens CBE’s efforts on financial inclusion, banking supervision

Egyptian women’s financial inclusion also high priority, number of initiatives being implemented…

Hossam Mounir Hossam Mounir

IDB’s financial position up to EGP 21.849bn at end October 2018

Deposits up by EGP 5bn in 1 year, loans grew by 21%

Hossam Mounir Hossam Mounir

IDB aims to complete treatment plan, put bank on right track by mid-2019: chairperson

We are working on new beginning of bank to serve economy, especially…

Hossam Mounir Hossam Mounir

ABE, Misr El Kheir Foundation cooperate for rehabilitation, operation of suspended livestock production stations

Bank's cooperation with Misr El Kheir Foundation's Ard El Kheir amounted to…

Hossam Mounir Hossam Mounir

Right time to invest in Egypt: Asian Infrastructure Investment Bank

Egypt has come long way in developing SCZone, attracting many local, foreign…

Daily News Egypt Daily News Egypt

EGP 1.393bn net profits of HDB by end of September 2018: Chairperson

EGP 2.4bn net income from return with 64.9% increase rate compared to…

Hossam Mounir Hossam Mounir