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

AAIB raises value of financing package granted to SODIC Group to EGP 1.4bn

The bank's total loans to SODIC Group increased to EGP 4bn over…

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ABE is considering signing contract with SMEDA for EGP 250m to finance small projects

ABE funds establishing of the first model village for animal and agricultural…

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Can CBE reduce inflation to 10%-16% by the end of 2018?

The key objective of monetary policy in the next phase is to…

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NBE’s total foreign exchange earnings exceed $12bn: vice chairperson

The bank has financed foreign trade operations worth $13bn since 3 November…

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Limited changes in boards of government banks before end of September 2017

Two leaders expected to be sacked, 4 likely to stay, ambiguity surrounds…

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EGP 11.7bn funding portfolio of corporate finance in Abu Dhabi Islamic bank by end of June 2017

EGP 1bn allocated to fund SMEs, local retail portfolio increases to EGP…

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FEB receives final notes on new banks law on Sunday

Members are approaching consent on the new law: senior banker

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Will inflation force CBE to increase pound interest rate on Thursday?

MPC holds its fifth meeting on Thursday to look into the destiny…

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Did CBE miscalculate including part of hot money within foreign exchange reserves?

A debate among analysts about the CBE's inclusion of foreign investment in…

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