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 to own 27.3% loan volume, 27.2% deposit volume of Egyptian market by end of December 2016

Financial position increased by EGP 409.7bn during the first half of fiscal…

Hossam Mounir

United Bank provides EGP 200m to finance small and micro enterprises: chairperson

Bank launched Intlaka programme​ for financing small and micro enterprises in increasing…

Hossam Mounir

Increase of HDB loan portfolio to EGP 10bn in late March 2017: chairperson

The bank is still awaiting the CBE's approval to separate real estate…

Hossam Mounir

CBE holds hope on Banque du Caire to support microenterprises: Amer

The bank injected 1.5 million loans to project owners until the end…

Hossam Mounir

Banks obliged to separate microfinance from retail loans

Trial project between civil associations and banks to benefit from digital services…

Hossam Mounir

CBE calls on banks to introduce credit-rating system to evaluate micro-financing institutions

We have been studying ways to strengthen this sector, which is one…

Hossam Mounir

1.8m people benefited from microfinance loans until the end of 2016: Samy

Volume of funding provided by these bodies increased to EGP 4.5bn, trade…

Hossam Mounir

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

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