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 arranged 48% of syndicated loans in Egypt, Africa in Q1 2018

NBE first in Egyptian, African banking markets in syndicated loans, Bloomberg says

Daily News Egypt

Deposits up EGP 56.02bn, credit facilities rose EGP 22.18bn in December 2017: CBE

Private business sector received 61.4% of total non-governmental facilities, industry tops sectors

Hossam Mounir

Financing labour-intensive, medium enterprises top priorities: SMEDA CEO

SMEDA injected EGP 4.1bn to finance micro, small enterprises from its establishment…

Hossam Mounir

Egyptian government has bold vision to develop, digitise its economy: Visa CEO

Migration to digital payments improves lives of individuals, spurs economic progress, prosperity

Daily News Egypt

Islamic Development Bank to invest $3bn in Egypt during 2018-2020

The Islamic Development Bank is set to pump $3bn in the period…

Daily News Egypt

NBE grants ASORC $100m to implement service, facility projects necessary to develop company’s plants

Yehia Aboul Fotouh, deputy chairperson of the National Bank of Egypt (NBE),…

Hossam Mounir

Attijariwafa Bank signs MoU with Expolink to raise Egyptian exports to Africa

Group aims to establish joint ventures between Moroccan, Egyptian investors, explore joint…

Hossam Mounir

Momentum in NUCA’s auctions to continue: Beltone Research

HDB stands as key beneficiary on continued flow of low-cost deposits

Mohamed Samir

Relative stability in Egypt’s net international reserves at $42.6bn in March: Beltone

Egypt’s net international reserves continued their relatively stable status, increasing slightly by…

Mohamed Samir

Average of 30-40 bps cut in banks’ net interest margin expected following CBE cuts: Beltone

Lengthening durations of assets while shortening those of liabilities are key defense…

Mohamed Samir