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

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

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…

Daily News Egypt

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…

Daily News Egypt

Bank loans increase EGP 7.6bn in November

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

Daily News Egypt

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

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

Daily News Egypt

Egyptian Banking Institute holds 2nd IFRS 9 seminar

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

Daily News Egypt

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

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

Hossam Mounir

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

SMEDA, NBE sign EGP 400m deal to finance small projects

The deal will benefit 2,288 small projects, offer 6,864 jobs

Hossam Mounir

SMEDA pumped EGP 323.4m into development projects in Suez

Agency injected EGP 276.5m to finance 11,273 micro, small projects, creating 27,700…

Hossam Mounir