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

Banque du Caire restructuring plan underway in full swing ahead of possible 2019 IPO

Lender set to float 30% stake by early next January aims at…

Daily News Egypt

HDB plans to launch share of one of its companies in EGX: chairperson

CBE has not responded yet to proposal to divide activity of bank…

Hossam Mounir

Banking sector stands firmly against violating its clients’ accounts’ secrecy

CBE governors strongly respond to statements to head of ETA on legislative…

Hossam Mounir

EGP 24.2bn increase in banks’ investments in securities in May 2018: CBE

Deposits up EGP 10.8bn, loans grew by EGP 32bn

Hossam Mounir

Most banks in Egypt performed well in H1 2018

Financial statements of 10 banks reflect significant growth in profits by end…

Hossam Mounir

CBE keeps overnight deposit, overnight lending rates unchanged

The monetary policy committee (MPC) decided to keep the Central Bank of…

Daily News Egypt

SMEDA, e-finance cooperate to develop small projects platform

Beta version well-received by concerned bodies, including CBE, says Gamea

Hossam Mounir

ABE issues 168,000 Aman El-Masreen certificates worth EGP 183m in five months

Aman certificates' outcome confirmed bank's role in supporting state plan of financial…

Hossam Mounir

NBK – Egypt allocates EGP 30m for CSR in 2018: CEO

Bank signs a cooperation agreement with Zewail City for Science and Technology…

Hossam Mounir

Banks inject loans worth EGP 35.861bn, attract deposits worth EGP 41.5bn in April 2018: CBE

Private sector acquired 61.7% of total loans, EGP 11.4bn increase in individual…

Hossam Mounir