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

AAIB contributes to long-term joint financing of EGP 4bn for Misr Petroleum, COOP

Funding solidifies bank's role in supporting energy sector, says AAIB CEO

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SMEDA signed contract with Banque du Caire worth EGP 500m to fund microenterprises

25% of contract dedicated to women, 60% to workers below poverty line,…

Hossam Mounir Hossam Mounir

Wave of large cuts in bank interest rates on deposits, loans starting Sunday

Banks operating in the local market started on Sunday a wave of…

Hossam Mounir Hossam Mounir

How to get a personal loan from AlexBank

If you are a government or private sector employee whose employer transfers…

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Islamic banking valued at EGP 240bn at end-2017

The volume of Islamic banking in Egypt by the end of 2017…

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ABE launches electronic portfolio

The Agricultural Bank of Egypt (ABE) has signed a cooperation protocol with…

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CBE activates electronic link between Egyptian banks, COMESA countries

The Central Bank of Egypt (CBE) held a workshop attended by 60…

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AIBK signs partnership agreement with Fawry to provide e-payment services

Cooperation with Fawry is beginning of digital banking services, says Seif El-Nasr 

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NBE aims to increase assets to EGP 1.5tn by end-June 2018: vice chairperson 

Bank seeks to increase its loans for major companies to EGP 350bn,…

Hossam Mounir Hossam Mounir

NBE, Banque Misr discontinue their 20% interest rate saving certificates

The National Bank of Egypt (NBE) will discontinue offering the platinum saving…

Hossam Mounir Hossam Mounir