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

2018 is year of transition, not prosperity: Kamal

State continues to import most production components, many goods, case which may…

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2018 to see 6% economic growth rates in 2018: El-Kosayer 

Public debt is still safe and, unlikely to increase, keeping the current…

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Industry future of state in coming period next to SMEs: Fahmy

Energy sector is most prominent sector that can contribute strongly to growth,…

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SMEs base for comprehensive development: Refaie

Suez Canal Bank agreed to participate in loans worth EGP 4bn for…

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Economic growth, high standard of living depend on SMEs expansion: Abdeen

Banks working to accelerate production, achieve sustainable development by focusing on funding…

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Banks to continue supporting government developmental plan in 2018: Fayed

We expect Egyptian economy in 2018 to witness higher growth rates reaching…

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Dealers expect dollar value to range from EGP 17-19.5 in 2018

Growth rate to range from 4-5%, inflation to decrease to 13-15%

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Five main aspects of theto United Bank’s work strategy in 2018: chairperson

Package of new digital solutions will be launched, customers will be educated,…

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Banque Misr pumped EGP 5bn into SMEs in 6 months

Beheira, Sharqeya, Sohag governorates receive most microfinancing; Sohag, Minya, Kafr Al-Sheikh received…

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NBE pumped EGP 18.6bn to finance 17,800 small projects in two years: bank VP

SMEs portfolio increased to EGP 39.8bn for 57,400 projects by end-December, says…

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