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

Nonperforming loans drop to 5.7% of total loans at banks by March end: CBE

Ratio of loans to deposits in local currency rose to 40.2%, ratio…

Hossam Mounir Hossam Mounir

Banque Misr arranges loans worth EGP 55.1bn in 2016

The bank won the “Best Africa Project Finance House” award for 2016…

Daily News Egypt Daily News Egypt

United Bank signs MoU with EBRD to support SMEs

The rehabilitation of local SMEs for global competition is the real hope…

Hossam Mounir Hossam Mounir

Lifting foreign exchange transfer constraints is a new message from CBE that Egypt overcame foreign currency crisis: experts

The decision boosts confidence in the Egyptian economy, contributes to attracting more…

Hossam Mounir Hossam Mounir

CBE reveals foreign exchange status after flotation 

$8bn in remittances from Egyptian expats from November 2016 until the end…

Hossam Mounir Hossam Mounir

CBE likely to maintain current tight monetary stance to reduce inflationary pressures: IIF

Annual inflation rate to decline gradually to 18% by end of 2017,…

Elsayed Solyman Elsayed Solyman

Central Bank of Egypt removes foreign currency transfer limits

The move could spur foreign investments to Egypt, says Tarek Amer

Elsayed Solyman Elsayed Solyman

Afreximbank signs loan to Banque Misr worth $200m next week

The African Export-Import Bank’s (Afreximbank) board of directors approved granting a loan…

El Husseiny Hassan El Husseiny Hassan

Banknote issuance to GDP increases to 12.68% in February: CBE

CBE issued banknotes of EGP 411.559bn in February, compared to EGP 405.416bn…

Hossam Mounir Hossam Mounir

Egypt is staying the course: Deutsche Bank

Egyptian authorities reached staff-level agreement with IMF on first review under $12bn…

Hossam Mounir Hossam Mounir