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

ADIB-Egypt fastest growing of three Islamic banks in Egypt

Bank’s Q1 2018 net income records EGP 159m, doubling y-o-y, 21% higher…

Hossam Mounir

Beltone reveals strengths, weaknesses of 10 banks in Egypt

HDB, Credit Agricole Egypt, Faisal Islamic Bank results above expectations, ADIB's lower…

Hossam Mounir

IDWBE allocates EGP 132m to fund establishment of first commodity stock exchange in Middle East

Exchange to provide 70% of market’s needs, comes within plan for funding,…

Hossam Mounir

AlexBank signs cooperation protocol with Agriculture Ministry to develop Egypt’s livestock

Signing protocol is based on bank’s belief in importance of supporting SMEs,…

Hossam Mounir

NBE signs cooperation protocol with Water Resources Ministry to fund modern irrigation projects

EGP 3bn funding for agricultural activities, other related ones, says Okasha

Hossam Mounir

Credit Agricole Egypt continues development plans in 2018

We have CSR philosophy based on sustainability, empowerment, says managing director

Hossam Mounir

NBE, BM, Banque du Caire to cover tourism companies’ expenses for Hajj

The National Bank of Egypt, Banque Misr, and Banque du Caire officials…

Hossam Mounir

Total bank credit facilities increase by EGP 60.5bn in 7 months

Private business sector accounts for 61.3% of total facilities, notably industrial field,…

Hossam Mounir

Parliament committee recommends removing MP Khaled Bishr over EGP 45m dishonoured cheques to UBE

Parliament’s legislative and constitutional affairs committee, headed by Bahaa Abu Shoqa, concluded…

Hossam Mounir

FX reserves continue north, scoring $44.14bn end-May

The foreign exchange (FX) reserves balance at the Central Bank of Egypt…

Hossam Mounir