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

Al Baraka Banking Group puts Egyptian market at top of its priorities: CEO

Bank celebrates opening of its new headquarters in 5th Settlement

Hossam Mounir Hossam Mounir

SMEDA funds  selling points vehicles project with EGP 160m

Project provides 2,000 opportunity for youth in cooperation with Ministry of Supply,…

Hossam Mounir Hossam Mounir

41.2% increase in remittances from expatriate Egyptians in April 2018

Total remittances reach a record level of $26bn from July 2017 to…

Mohamed Samir Mohamed Samir

NBE participated in arrangement of loans worth EGP 58.5bn in H1 2018

Bank is ranked first in Egyptian banking market in syndicated loans according…

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Limited-income mortgage finance portfolio at NBE reaches EGP 3.6bn

We are studying 10,409 files worth EGP 1.1bn, with plans to boost…

Hossam Mounir Hossam Mounir

United Bank intends to settle EGP 500m worth of bad debts within CBE initiative

We do a comprehensive inventory of our defaulting customers, study reasons for…

Hossam Mounir Hossam Mounir

Banks invested EGP 650bn in T-bills until end of March 2018: CBE

Government banks invested EGP 333bn, private banks invested EGP 279.8n, foreign banks…

Hossam Mounir Hossam Mounir

IDWBE injects EGP 675m to deliver gas to 375,000 residential units

Bank signs three contracts with Cairo Gas, Sinai Gas, PetroTrade

Hossam Mounir Hossam Mounir

Governmental banks start receiving defaulting clients’ requests to settle debts in implementation of CBE initiative

Initiative benefits companies whose debts are less than EGP 10m, individuals without…

Hossam Mounir Hossam Mounir

Balance of payments records $11bn surplus between July, March in FY 2017/18: CBE

Egypt’s overall balance of payments (BOP), which measures Egypt’s dealings with other…

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