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

Volume of allocations in banks amounts to EGP 109.383bn

The volume of provisions made by banks to deal with bad and…

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Issued currency up EGP 17bn

Total currency issued by the Central Bank of Egypt (CBE) amounted to…

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Banks’ investments in T-bills reached EGP 549.96bn

Banks’ investments in treasury bills (T-bills) reached EGP 549.96bn by the end…

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Deposits portfolio reached EGP 3.124tn

The size of the banks’ deposits portfolio reached EGP 3.124tn at the…

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80% rise in net foreign assets

The net foreign assets of the Egyptian banking sector as a whole,…

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ABE, MSMEs Development Agency to sign agreement worth EGP 50m to finance women’s project within two weeks

Bank may offer funding scheme to contribute to establishing the first model…

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Private business 61.9% of total non-governmental credit facilities granted by banks: CBE

Industry obtained 26.894% of total loans, letters of credit and guarantee, versus…

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AAIB opens its branches for primary school students within framework of its financial education programme

In the belief that applying the definition of financial inclusion is one…

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HSBC awarded Best Cash Manager in Egypt

HSBC bank was awarded as the Best Domestic Cash Manager for the…

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