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 participated in arrangement of loans worth EGP 58.5bn in H1 2018

Bank is ranked first in Egyptian banking market in syndicated loans according…

Daily News Egypt

Limited-income mortgage finance portfolio at NBE reaches EGP 3.6bn

We are studying 10,409 files worth EGP 1.1bn, with plans to boost…

Hossam Mounir

United Bank intends to settle EGP 500m worth of bad debts within CBE initiative

We do a comprehensive inventory of our defaulting customers, study reasons for…

Hossam Mounir

Banks invested EGP 650bn in T-bills until end of March 2018: CBE

Government banks invested EGP 333bn, private banks invested EGP 279.8n, foreign banks…

Hossam Mounir

IDWBE injects EGP 675m to deliver gas to 375,000 residential units

Bank signs three contracts with Cairo Gas, Sinai Gas, PetroTrade

Hossam Mounir

Governmental banks start receiving defaulting clients’ requests to settle debts in implementation of CBE initiative

Initiative benefits companies whose debts are less than EGP 10m, individuals without…

Hossam Mounir

Balance of payments records $11bn surplus between July, March in FY 2017/18: CBE

Egypt’s overall balance of payments (BOP), which measures Egypt’s dealings with other…

Daily News Egypt

CBE launches initiative to settle debts of 3,500 companies, 337,000 individuals

Initiative to benefit NBE, Banque Misr, Banque du Caire, Export Development Bank,…

Hossam Mounir

CBE to launch innovation support fund worth EGP 1bn in H1 2019: CBE deputy governor

Banks injected EGP 85bn to fund SMEs within CBE’s initiative thus far,…

Daily News Egypt

HC Securities expects deceleration of annual inflation, MPC to keep interest rates unchanged

Recent decision to hike fuel costs was by market, despite not announcing…

Hossam Mounir