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

Crédit Agricole Egypt’s net profit reaches EGP 1.957bn at end-2017

Bank will continue to support major investment projects in Egypt, in partnership…

Daily News Egypt

UNB signs 4 agreements to support small investors in agriculture, land reclamation

Main sectors to be financed by bank are agricultural crops, livestock production,…

Daily News Egypt

Banks avoid interest rate cuts to maintain depositors  

Few banks implement interest rates cuts on savings accounts one week after…

Hossam Mounir

SMEDA signs contracts worth EGP 23.8m with NGOs to finance microprojects in 8 governorates 

Funding allows implementation of nearly 2,380 projects, 25% directed to women-owned enterprises,…

Hossam Mounir

EALB considers assets management company for its hotels, resorts: chairperson

Global group, private institutions in Egypt will participate in company, start managing…

Hossam Mounir

Limited response from banks to CBE’s move to lower interest rates

ALCOs of banks operating in Egypt will hold intensive meetings Monday to…

Hossam Mounir

Attijariwafa Bank Egypt loan portfolio grew 31% at end-Q3 2017

Real estate, energy, food, leasing, microfinance sectors accounted for large part of…

Daily News Egypt

AAIB contributes to long-term joint financing of EGP 4bn for Misr Petroleum, COOP

Funding solidifies bank's role in supporting energy sector, says AAIB CEO

Hossam Mounir

SMEDA signed contract with Banque du Caire worth EGP 500m to fund microenterprises

25% of contract dedicated to women, 60% to workers below poverty line,…

Hossam Mounir

Wave of large cuts in bank interest rates on deposits, loans starting Sunday

Banks operating in the local market started on Sunday a wave of…

Hossam Mounir