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

Suez Canal Bank achieved net profit of EGP 356m by end-2017

Total bank budget rose to EGP 40bn, up by EGP 8.6bn from…

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HDBEG scores EGP 1.07bn net profit in 2017

Performance indicators of the Housing and Development Bank (HDBEG) during 2017 revealed…

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President rejuvenated SMEs by launching his EGP 200bn initiative

Banks financed 62,000 projects under initiative worth EGP 68bn until end-December 2017,…

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Mostadam Forum launches training session for young bankers from Egypt, Middle East in March

Mostadam Forum will launch its fourth training session for young bankers from…

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ADIB adopts ambitious strategy to enhance its presence in Egyptian market: Aly

Bank strengthens its geographical presence by opening Thawra, Fifth Settlement branches

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El-Sharkawy appointed head of MIDB

Bank honours Ismail Hassan, former chairperson, with attendance of Amer, El-Okda, Razmez,…

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Banks turn to companies with temporary workers to promote Aman certificate

Certificate proceeds from NBE, ABE amounted to EGP 16m in first week

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AlexBank achieves EGP 2.783bn net profit in 2017

The Bank of Alexandria (AlexBank) announced that it recorded a net profit…

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Egyptians flock to purchase ‘Aman’ insurance certificates

NBE offering Aman certificates to temporary workers of companies dealing with it

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International bonds push Egypt’s foreign reserves to $42.524bn at end-February

Egypt recorded the highest foreign reserves in its history at $42.524bn at…

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