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

Egypt’s economic reforms re-attract global investments

Continuing reform policies and measures with the aim to increase FDIs and…

Hossam Mounir Hossam Mounir

Flotation toughest, most daring decision between Euromoney 2016, 2017: Fayed

The economic reform programme is a new breakthrough for economic growth and…

Hossam Mounir Hossam Mounir

Banque du Caire to inject EGP 5bn in syndicated loans to several economic sectors: vice chairperson

We are considering participating in the EEHC loan by EGP 3bn, next…

Hossam Mounir Hossam Mounir

AIBK plans to increase its capital to EGP 1.5bn by end of 2017: chairperson

We have an ambitious plan that aims to take the financing portfolio…

Hossam Mounir Hossam Mounir

The new board of directors of the Suez Canal Bank is soon to finalise its strategy: Chairperson

We aim to expand the bank’s customer base, increase the number of…

Hossam Mounir Hossam Mounir

Balance of Payments marks surplus of $13.7bn in FY 2016/2017: CBE

Exports revenues amount to $21.7bn, imports register $57.1bn, tourism profits at $4.4bn,…

Hossam Mounir Hossam Mounir

Can the banking sector achieve financial inclusion alone?

The CBE holds the largest international conference on financial inclusion from 13…

Hossam Mounir Hossam Mounir

Banknote issuance to GDP increases to 13.42% in May: CBE

CBE printed new banknotes worth EGP 15.774bn this month

Hossam Mounir Hossam Mounir

EGP 55bn increase in bank deposits, EGP 39bn increase in loan portfolio in May 2017: CBE

Foreign investments in T-bills hike to EGP 176,000bn at the end of…

Hossam Mounir Hossam Mounir

NBE opens first two branches of Al Ahli Exchange Company

The company was established with a capital of EGP 200m and a…

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