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

NBE aims to boost microfinance portfolio to EGP 4bn by 2020: deputy chairperson

Microfinance portfolio reached EGP 3.5bn end-March, says Aboul Fotouh

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AAIB named best investment bank in Egypt by Global Banking and Finance Review

Bank gateway to international investments in Egypt by providing best financial, investment…

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QNB Alahli’s loans portfolio reaches EGP 111bn end-March

Bank’s LTD scored 60% in November 2017, versus 44% average across Egyptian…

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Banque Misr seeks to arrange syndicated loans worth EGP 29.7bn for major economic sectors

Bank increases its share of KIMA 2 project funding to EGP 532.415m,…

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Suez Canal Bank general assembly re-elects board of directors headed by Hussein Refaei

New retail banking sector to be established to create diversity in bank’s…

Hossam Mounir Hossam Mounir

NBE arranged 48% of syndicated loans in Egypt, Africa in Q1 2018

NBE first in Egyptian, African banking markets in syndicated loans, Bloomberg says

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Deposits up EGP 56.02bn, credit facilities rose EGP 22.18bn in December 2017: CBE

Private business sector received 61.4% of total non-governmental facilities, industry tops sectors

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Financing labour-intensive, medium enterprises top priorities: SMEDA CEO

SMEDA injected EGP 4.1bn to finance micro, small enterprises from its establishment…

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Egyptian government has bold vision to develop, digitise its economy: Visa CEO

Migration to digital payments improves lives of individuals, spurs economic progress, prosperity

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Islamic Development Bank to invest $3bn in Egypt during 2018-2020

The Islamic Development Bank is set to pump $3bn in the period…

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