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

CIB contributes to UNEP FI Banking Principles among 26 global banking institutions

Commercial International Bank-Egypt (CIB) participated in the first workshop organised by the…

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MIDB, SMEDA sign cooperation protocol to funds MSMEs

Protocol extends over 1 year, financing between EGP 500,000, EGP 10m

Hossam Mounir Hossam Mounir

EIB expects further technical grants for Kafr El-Sheikh Wastewater Expansion project

Project’s total cost estimated at €163.5m, European Investment Bank providing about 47%

Hagar Omran Hagar Omran

ADIB profits record EGP 157m end-March

Q1 saw big shift in bank’s financial performance, says CEO

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United Bank lays out seven-point strategy

Intelligent banking services, intensification of financial inclusion campaigns, expansion of Shariah-compliant banking…

Hossam Mounir Hossam Mounir

AlexBank signs EGP 50m protocol with Sawiris Foundation

The Bank of Alexandria (AlexBank) signed a protocol with Sawiris Foundation for…

Hossam Mounir Hossam Mounir

Telecom Egypt signs $200m financing deal with Afreximbank, managed by ADIB

Participating in deal of this size emphasises bank’s growth strategy, says Aly

Hossam Mounir Hossam Mounir

FX stabilises again after reaching 10-month high

Fluctuation is healthy under supply, demand, says Abdel Aal

Hossam Mounir Hossam Mounir

Benefits of economic reform in Egypt are outstanding: HSBC’s chief economist for CEEMEA

We remain fundamentally optimistic regarding our economic expectations for Egypt in near…

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ABE aims to become largest small projects bank in Egypt: chairperson

We are racing against time to completebank’s restructuring process, prepare it to…

Hossam Mounir Hossam Mounir