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

Local banks, foreign financial institutions offer investments worth $1.29bn in Egyptian T-bills

Highest interest rate on investment in those bills is 3.5%, while lowest…

Hossam Mounir

HDB offers doctors loans to fund clinic furnishing 

The Housing and Development Bank (HDB) offers doctors the necessary funding to…

Daily News Egypt

CIB, AUC graduate new batch of entrepreneurs 

Bank aims to support startups to develop systems, technology solutions in field…

Daily News Egypt

Non-performing loans decline to 5.3% of total bank loans end-September 2017

The percentage of non-performing loans at banks working in the Egyptian market…

Hossam Mounir

2.2 million clients received microfinance by end-September 2017

The number of clients who obtained microfinance services reached 2.2 million by…

Daily News Egypt

Islamic banking in Egypt worth EGP 222bn

The volume of Islamic banking in the Egyptian market reached EGP 222bn,…

Daily News Egypt

ABE supplies its veal project EGP 45m

The Agricultural Bank of Egypt (ABE) has provided EGP 45m to about…

Daily News Egypt

Egyptian banks score EGP 44.75bn profits end-September: CBE

Top five banks account for 46.67% of total profits, top 10 accounts…

Hossam Mounir

$1.5bn surplus in Q1 FY 2017/2018 balance of payments: CBE

Exports increased to $5.8bn between July and September 2017, against $14.8bn imports

Hossam Mounir

CBE offers $1bn worth of T-bills on Monday

Proceeds to cover earlier offering made on 13 December 2016 worth $1.1185bn

Hossam Mounir