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

QNB ALAhli accounts for 7.93% of total loans, 5.64% of deposits in Egypt

Bank's LDR amounted to 67%, up from sector's average of 45%

Hossam Mounir

NBE ranks as first bank in Egypt for syndicated loans: Bloomberg

NBE relies on large capital base, exceeding EGP 98bn, enabling it to…

Daily News Egypt

Credit facilities granted by banks to clients until July score EGP 1.631tn

Private Sector acquired 61% of facilities, industries in forefront: CBE

Hossam Mounir

BOP marks surplus of $12.8bn in FY 2017-2018: CBE

58.6% drop in current account deficit to $6bn, down from $14.4bn in…

Hossam Mounir

Omayma Farahat appointed as new chairperson of AIBANK succeeding Seif Al-Nasr

Farhat previously served as head of corporate credit sector at Ahli United…

Hossam Mounir

Bank Audi aims to increase corporate Islamic finance portfolio to EGP 1bn by end 2018

Bank currently offers 12 different Shariah-compliant services through three branches

Hossam Mounir

Banks injected EGP 110bn to finance SMEs within CBE’s initiative: CBE Deputy Governor 

CBE secures EGP 2bn as CGC guarantee, encourages banks to finance agriculture…

Hossam Mounir

Egyptian banking sector ranks fourth in asset terms: UAB

NBE, Banque Misr, CIB, AAIB on list of world's largest 1,000 banks

Hossam Mounir

Banque du Caire ready to go public at anytime: chairperson

Full coordination between board of directors of bank, its owner, CBE, Finance…

Hossam Mounir

Egypt cancels T-bonds auction for fourth consecutive week

Earlier in September, the CBE called off the auction of three and…

Daily News Egypt