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

Credit Agricole Egypt continues development plans in 2018

We have CSR philosophy based on sustainability, empowerment, says managing director

Hossam Mounir Hossam Mounir

NBE, BM, Banque du Caire to cover tourism companies’ expenses for Hajj

The National Bank of Egypt, Banque Misr, and Banque du Caire officials…

Hossam Mounir Hossam Mounir

Total bank credit facilities increase by EGP 60.5bn in 7 months

Private business sector accounts for 61.3% of total facilities, notably industrial field,…

Hossam Mounir Hossam Mounir

Parliament committee recommends removing MP Khaled Bishr over EGP 45m dishonoured cheques to UBE

Parliament’s legislative and constitutional affairs committee, headed by Bahaa Abu Shoqa, concluded…

Hossam Mounir Hossam Mounir

FX reserves continue north, scoring $44.14bn end-May

The foreign exchange (FX) reserves balance at the Central Bank of Egypt…

Hossam Mounir Hossam Mounir

Deposits up EGP 65bn, loans rise EGP 23bn in January 2018: CBE

The volume of deposits at banks operating in the domestic market jumped…

Hossam Mounir Hossam Mounir

HDB targets EGP 8.82bn in deposits, EGP 3.7bn loans portfolio by end-2018

Bank aims to increase profits by 50% to EGP 1.5bn

Hossam Mounir Hossam Mounir

CBE studying Swedish experience in becoming cashless society

Intensive meetings with Swedish central bank fintech experts, startups, payment service providers…

Hossam Mounir Hossam Mounir

IDWBE aims to close deferred loss file this year

We aim to achieve profits of EGP 1.5bn by end-2018, says Fahmy

Hossam Mounir Hossam Mounir

NBE, Visa launch second phase of NBE Pay

The National Bank of Egypt (NBE), in cooperation with Visa, plans to…

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