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

E launches ‘Meet the Officials’ in cooperation with Banque Misr

Eitesal Association announced on Sunday its new initiative “Meet the Officials”, which…

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UNB-E awaits CBE approval for appointment of ElSewerky as managing director

Ban’s net profit at end-2017 reached EGP 380m, up EGP 200m from…

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Attijariwafa Bank profits exceed EGP 1.1bn at end-2017

Corporate, treasury retail sectors contributed much to increasing bank’s activity, says Sakr

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NBE extends working hours to 5 pm at 65 branches to provide electronic tax payment services

The National Bank of Egypt (NBE) decided to extend its working hours…

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Banks’ investments in T-bills increase to EGP 680.4bn at end-2017

Banks operating in the Egyptian market raised their investments by EGP 43.64bn…

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Bank loans increase EGP 7.6bn in November

The value of bank loans provided to customers increased to EGP 1.431tn…

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Egypt’s bank deposits rise EGP 55bn in November 2017: CBE

The Central Bank of Egypt (CBE) announced that total bank deposits rose…

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Egyptian Banking Institute holds 2nd IFRS 9 seminar

Need for coordination among specialised units, risk management, credit, finance, information technology…

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NBE’s microfinance portfolio reaches EGP 3.5bn: Aboul Fotouh

About EGP 40bn available funding for SMEs, bank aims to increase that…

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HDB aims to be among Egypt’s top 10 banks by end-2022: chairperson

Negotiations continue with CBE to separate real estate from banking activities, says…

Hossam Mounir Hossam Mounir