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

ADIB appoints Mohamed Aly as CEO, MD of ADIB Egypt

Abu Dhabi Islamic Bank (ADIB) has appointed Mohamed Aly as CEO of…

Daily News Egypt

United Bank establishes specialised technical, advisory support unit for entrepreneurs

The unit aims to ensure the continuity of the project and the…

Hossam Mounir

How to get microfinance from Banque Misr

Banque Misr serves micro entrepreneurs through 197 branches nationwide

Daily News Egypt

Green project bonds worth USD100bn in world market

Director of the Research Department at the Egyptian Banking Institute (EBI) Ola…

Daily News Egypt

17 banks involved in financing limited and middle-income housing

"There are 17 banks and three companies participating in the CBE’s initiative…

Daily News Egypt

IDBE-Egypt expands real estate finance

Chairperson of the Board of Directors of the Industrial Development Bank and…

Daily News Egypt

CIB profits EGP5.7bn in 9 months 

Commercial International Bank (CIB) posted a record profit of EGP 2.1bn in…

Daily News Egypt

BM SMEs portfolio registers EGP 4.4bn at end of June

Bank launches training programme to raise entrepreneurs’ awareness in Alexandria

Hossam Mounir

CBE grants ABE deposit of EGP 4bn for 10 years

The Egyptian Agricultural Bank's losses fell from EGP 1.084bn at the end…

Hossam Mounir

Flotation decision was an urgent necessity and action taken at the right time: Banks officials

Decision contributed to increasing FX Reserves to $36.5bn, and positively impacted  banks…

Hossam Mounir