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 grants ASORC $100m to implement service, facility projects necessary to develop company’s plants

Yehia Aboul Fotouh, deputy chairperson of the National Bank of Egypt (NBE),…

Hossam Mounir Hossam Mounir

Attijariwafa Bank signs MoU with Expolink to raise Egyptian exports to Africa

Group aims to establish joint ventures between Moroccan, Egyptian investors, explore joint…

Hossam Mounir Hossam Mounir

Momentum in NUCA’s auctions to continue: Beltone Research

HDB stands as key beneficiary on continued flow of low-cost deposits

Mohamed Samir Mohamed Samir

Relative stability in Egypt’s net international reserves at $42.6bn in March: Beltone

Egypt’s net international reserves continued their relatively stable status, increasing slightly by…

Mohamed Samir Mohamed Samir

Average of 30-40 bps cut in banks’ net interest margin expected following CBE cuts: Beltone

Lengthening durations of assets while shortening those of liabilities are key defense…

Mohamed Samir Mohamed Samir

Cooperation protocol between NBE, Agriculture Ministry, Ard El Kheir for livestock projects development

NBE injected EGP 1.2bn to fund 7,400 projects in livestock sector development

Hossam Mounir Hossam Mounir

FX reserves record $42.611bn at end-March

Foreign currency in reserve increased to $39.018bn, up $64m from February

Hossam Mounir Hossam Mounir

Emirates NBD Egypt achieves EGP 1.18bn net profit at end-2017

We are working through three important strategic partnerships with Egyptian organisations to…

Daily News Egypt Daily News Egypt

Beltone expects CBE to cut interest rates by 2% by end-FY 2017/2018

Institution expects inflation slowdown to reach 12.8%, in line with CBE's target…

Hossam Mounir Hossam Mounir