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

Deposits up by EGP 11.8bn by end-July 2018: CBE

Volume amounted to EGP 3027.3bn up from EGP 3015.5bn at end of…

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Noticeable decline in bank deposit volumes in July 2018: CBE

EGP 4bn increase in domestic deposits, $493m increase in foreign currency deposits

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Non-intervention in exchange market contributed to maintaining FX Reserves: CBE

Interest rate cut on pound supported rise in real asset prices on…

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Banque du Caire restructuring plan underway in full swing ahead of possible 2019 IPO

Lender set to float 30% stake by early next January aims at…

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HDB plans to launch share of one of its companies in EGX: chairperson

CBE has not responded yet to proposal to divide activity of bank…

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Banking sector stands firmly against violating its clients’ accounts’ secrecy

CBE governors strongly respond to statements to head of ETA on legislative…

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EGP 24.2bn increase in banks’ investments in securities in May 2018: CBE

Deposits up EGP 10.8bn, loans grew by EGP 32bn

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Most banks in Egypt performed well in H1 2018

Financial statements of 10 banks reflect significant growth in profits by end…

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CBE keeps overnight deposit, overnight lending rates unchanged

The monetary policy committee (MPC) decided to keep the Central Bank of…

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SMEDA, e-finance cooperate to develop small projects platform

Beta version well-received by concerned bodies, including CBE, says Gamea

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