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

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

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

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

Can the banking sector achieve financial inclusion alone?

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

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

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

NBE opens first two branches of Al Ahli Exchange Company

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

Daily News Egypt

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…

Daily News Egypt

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…

Hossam Mounir

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

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

Hossam Mounir