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

NBK celebrates 10 years in Egypt

The National Bank of Kuwait (NBK) Group will celebrate 10 years of…

Daily News Egypt Daily News Egypt

NBE funds external operations worth $18.5bn in 13 months: bank’s vice president

Bank foreign exchange earnings $17bn from 3 November 2016 to 5 December…

Hossam Mounir Hossam Mounir

CBE pays $600m to Afreximbank

Governor of the Central Bank of Egypt (CBE) Tarek Amer said that…

Daily News Egypt Daily News Egypt

Gold value behind CBE foreign reserve hike in November

Value of gold increased to $2.702bn, up by $63m from October

Hossam Mounir Hossam Mounir

CBE pays Afreximbank $2bn 

Foreign exchange reserves continue to rise, reached $36.723bn at end November 2017

Daily News Egypt Daily News Egypt

CBE to receive EALB development plan by early 2018: EALB chairperson

We have managed to attract new deposits worth over EGP 1.2bn while…

Hossam Mounir Hossam Mounir

IFC loans CIB $100m

The International Finance Corporation (IFC) signed an agreement on Tuesday with the…

Mohamed Farag Mohamed Farag

Feeling the economic pulse

A year on from its currency devaluation, Egypt is brimming with opportunities…

Forbes Middle East Forbes Middle East

Sustainable finance is realising inherent connection between economic growth, social, environmental, governance concerns: AAIB CEO

Banks should shift traditional operations towards microfinance, entrepreneurship, SMEs, says Hassan Abdalla,…

Daily News Egypt Daily News Egypt

Amer saved Egypt by liberalising exchange rate: Selim

Even with support from political leadership, if not for his bravery, decision…

Hossam Mounir Hossam Mounir