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

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

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

Hossam Mounir

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

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

Hossam Mounir

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…

Daily News Egypt

FEB receives final notes on new banks law on Sunday

Members are approaching consent on the new law: senior banker

Hossam Mounir

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

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

Hossam Mounir

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…

Hossam Mounir

Banks’ capital increases by EGP 13.74bn in April: CBE

The increase came as a result of using a part of the…

Hossam Mounir

Industry accounts for 35.9% of total credit facilities granted by banks until end of April: CBE

The services sector came in second place, followed by the commercial sector,…

Hossam Mounir

Unstable dollar price behind fluctuation in banks’ deposits, loans after flotation: CBE

Most banking indicators experience a rise and fall every month because of…

Hossam Mounir