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

CBE welcomes Zambia, Eswatini delegations to share experiences on MSME finance

Within the context of Egypt's commitment to enhancing cooperation with African countries…

Daily News Egypt

Banking sector’s net foreign assets record $10.3bn surplus in September: CBE

The Central Bank of Egypt (CBE) revealed that the net foreign assets…

Hossam Mounir

United Bank to offer 30% on EGX in Q4

United Bank will offer 30% of its shares on the Egyptian Exchange…

Hossam Mounir

Consortium of Egyptian banks provides EGP 18bn loan to Telecom Egypt

A consortium of 13 Egyptian banks has provided Telecom Egypt, the country's…

Daily News Egypt

EGX mandates United Bank to complete offering within six months of listing

The Securities Listing Committee of the Egyptian Exchange (EGX) has mandated that…

Hossam Mounir

Can Egypt negotiate changes to its IMF deal?

Since President Abdel Fattah Al-Sisi asked the government to review Egypt's agreement…

Mohamed Abdel Aal

CIB signs credit facility to finance Flex Asepto Egypt

The Commercial International Bank (CIB) announced signing a credit facility contract with…

Daily News Egypt

Industry accounts for 57% of bank loans in March: CBE

The industrial sector accounted for 57% of the banking sector's loans, amounting…

Hossam Mounir

Suez Canal Bank offers EGP 1.2bn credit facility to Madkour Group

Suez Canal Bank has signed a credit facility agreement worth EGP 1.2bn…

Hossam Mounir

CBE issues guidelines for tourism support initiative

The Central Bank of Egypt (CBE) has issued the guidelines for the…

Hossam Mounir