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

Egypt’s economy growth potential considered enormous, subsequently banking sector: Abaza

Egyptian market filled with lucrative, untapped opportunities, says CEO, board member at…

Hossam Mounir

Egyptian economy witnesses strong signs of improvement after corrective measures taken by government: Berro

Daily News Egypt sat down for an interview with Berro, whereby he…

Hossam Mounir

Cabinet approves agreement with EBRD to upgrade metro

Agreement previously signed in August to develop line 1

Daily News Egypt

Hassan Abdalla appointed as first assistant to CBE governor, Elwy as CEO of AAIB

Abdalla has served as the former chairperson of the Saib Bank, chairperson…

Hossam Mounir

NBE, China Development Bank sign $600m loan agreement

Loan to be channelled to finance working capital of NBE's clients

Hossam Mounir

FX Reserves up to $44.419bn end of August: CBE

Foreign currencies up by $167m, gold down by $23m

Hossam Mounir

CDB’s total loan commitment to Egypt reaches $5.3bn

Bank likely to inject $2bn in local market by end of 2018,…

Hagar Omran

Deposits up by EGP 11.8bn by end-July 2018: CBE

Volume amounted to EGP 3027.3bn up from EGP 3015.5bn at end of…

Hossam Mounir

Noticeable decline in bank deposit volumes in July 2018: CBE

EGP 4bn increase in domestic deposits, $493m increase in foreign currency deposits

Hossam Mounir

Non-intervention in exchange market contributed to maintaining FX Reserves: CBE

Interest rate cut on pound supported rise in real asset prices on…

Hossam Mounir