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, Visa, e-finance sign partnership to push cashless society

Helwan University to become first university in Egypt with pillars of financial…

Daily News Egypt

BLOM Bank Egypt injects EGP 300m to raise capital to EGP 2bn

Successes achieved by bank in Egypt reflects prosperity of Egyptian economy, says…

Hossam Mounir

UNB-E eyes 5% market share in Egypt within 8 years: chairperson

Bank keen to contribute to major projects that strengthen Egyptian economy through…

Hossam Mounir

CBE cuts interest rates 100 bps for 2nd time in 2018

The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) decided to…

Hossam Mounir

BLOM Bank Egypt targets market share of 1.5-2% in 5 years: Azhari

Bank’s general assembly agrees to pump EGP 300m, boosting capital to EGP…

Hossam Mounir

CBE to review interest rates on Thursday

Market uncertainty over expected MPC decision, as inflation eases, interest on dollar…

Hossam Mounir

CBE directs banks to stop granting credit facilities to medium companies within 12% initiative

Banks exhausted EGP 10bn allocated by CBE as part of initiative, says…

Hossam Mounir

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

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

Daily News Egypt

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…

Hossam Mounir

Attijariwafa Bank profits exceed EGP 1.1bn at end-2017

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

Hossam Mounir