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

Law controlling work of microfinance companies encourages banks to finance them: Ghada Waly

The CBE's initiative supports these bodies before international financing institutions, young people…

Daily News Egypt Daily News Egypt

EMF seeks to increase customers to 10 million at total funding of EGP 30bn within four years: chairperson

The EMF includes eight banks, three companies, 752 institutions, and a civil…

Hossam Mounir Hossam Mounir

Banks ignore CBE decision to raise interest, keep rates unchanged

Next increase may be on short-term vessels, interest on certificates will not…

Hossam Mounir Hossam Mounir

Raising interest on the pound is for the benefit of all: CBE governor

The CBE does not consider specific entities when making decisions, Amer said…

Hossam Mounir Hossam Mounir

Investors believe raising interest rate is wrong, expert says it could control the economic situation

The Monetary Policy Committee (MPC) announced on Sunday raising the discount rate…

Hisham Salah Hisham Salah

Banks tend to maintain interest rates unchanged despite CBE’s 2% hike

Government banks offer highest return on savings in the local market and…

Hossam Mounir Hossam Mounir

EGBANK signs $20m loan agreement to finance SMEs

The European Investment Bank is to finance the loan that will be…

Elsayed Solyman Elsayed Solyman

Pound flotation posed challenges for banks’ financial positions in 2016: Business News Index

SAIB, Audi, NBE recorded the lowest ratios of unregulated loans portfolios

Samira Saeed Samira Saeed

Banks offering e-services have best retail banking: Business News index

Limited growth in retail banking portfolios of major banks due to the…

Daily News Egypt Daily News Egypt

Ambiguity surrounding CBE’s decision on interest rate in Sunday’s meeting

IMF confirms that using interest rate is the right tool to face…

Hossam Mounir Hossam Mounir