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

Banks continue to shine with strong business results in 9M18

Marked increase in deposits, loans portfolios, NPLs decline at most banks

Hossam Mounir Hossam Mounir

CBE floats €675m T-bonds on Monday

Bonds bear maturity of 364 days, due on 12 November 2019

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Banque du Caire aims to expand routes to support foreign trade, back Egyptian exporters 

Bank sponsored FEI visit to Tanzania to encourage Egyptian exports

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NBE secure EGP 300m to Zewail City of Science, Technology: Okasha

Launch of NBE institute building city for science, engineering, nanotechnology

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CBE reviews interest rates on Thursday

MPC cut interest rates twice this year, kept them unchanged during 4…

Hossam Mounir Hossam Mounir

Egypt repays $1.36bn worth of international bonds in December

Outstanding bonds worth $18bn and €2bn due within 30 years

Hossam Mounir Hossam Mounir

CBE to apply new obligatory entrepreneurship certification for bankers

Bank currently preparing another certification for business development services

Hagar Omran Hagar Omran

Highest level of FX reserves in history reached by end of October

CBE: $86m increase in value of gold, foreign currencies balance down by…

Hossam Mounir Hossam Mounir

UAB discusses partnership between private, public sectors to achieve sustainable development during annual conference

700 banking experts, leaders, officials, central banks' governors, economists, planning ministers to…

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Household sector accounts for 78.8% of total bank deposits by end of August 2018: CBE

Deposits growth rate at 18.79%, local currency deposits at 22%, foreign currencies…

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