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

Issued currency up EGP 17bn

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

Daily News Egypt

Banks’ investments in T-bills reached EGP 549.96bn

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

Daily News Egypt

Deposits portfolio reached EGP 3.124tn

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

Daily News Egypt

80% rise in net foreign assets

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

Daily News Egypt

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…

Hossam Mounir

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…

Hossam Mounir

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…

Daily News Egypt

HSBC awarded Best Cash Manager in Egypt

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

Daily News Egypt

EBRD, QNB ALAHLI join forces to support women entrepreneurs in Egypt

In line with EBRD’s support for the development of micro, small, and…

Shaimaa Raafat

EBRD boosts trade in partnership with Emirates NBD Egypt

$40m finance line to facilitate trade

Daily News Egypt