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

CBE reveals several important indicators of performance of banks during Q1 2018

More than EGP 39bn increase in volume of deposits, EGP 85.2bn in…

Hossam Mounir Hossam Mounir

Defaulting clients visiting government banks to settle their debts

Initiative benefits 1,635 companies,17,000 individuals in NBE with total debt of EGP…

Hossam Mounir Hossam Mounir

Al Ahly Exchange branches increase to seven

NBE aims to expand aggressively in non-bank financial activities, says chairperson

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ABE, Ministry of Irrigation sign joint cooperation protocol in field of funding modern irrigation projects

Bank will fund these projects within framework of its role in achieving…

Hossam Mounir Hossam Mounir

Inauguration ceremony, first council meeting of China-Arab Countries Inter-Bank Association led by NBE, CBD

Establishment of association marks a new milestone in relationship between China and…

Hossam Mounir Hossam Mounir

Best credit cards for online shopping 2018

Today, every single thing we do is in some way or the…

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Total credit facilities by banks increased by EGP 123.2bn in nine months

Industry alone received 25.2% of total credit granted by banks to non-governmental…

Hossam Mounir Hossam Mounir

Does Egypt need more external borrowing?   

Egypt's lack of control over foreign debt could cause negative pressure on…

Hossam Mounir Hossam Mounir

All investigated transactions are correct, allegations are unfounded: CIB

The Commercial International Bank (CIB) released a press statement on Saturday stating…

Mohamed Samir Mohamed Samir

IDBE signs cooperation protocol with MFF to increase its share in CBE’s initiative to EGP 1bn

Bank funds 5,220 clients with EGP 529m within initiative, says Fahmy

Hossam Mounir Hossam Mounir