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

Renaissance Capital plans to open Cairo office

The office is set to open once we receive the regulatory approval,…

Mohamed Samir Mohamed Samir

⁠⁠⁠⁠SFD, Hermes Leasing sign EGP 20m contract to finance small enterprises

Secretary general of the Social Fund for Development (SFD) Niveen Gamea; Ahmed…

Hossam Mounir Hossam Mounir

Banks’ foreign trade operations worth $28bn between flotation and 10 April

Documentary credits opened for $9bn, repayment of other collection and credit documents…

Hossam Mounir Hossam Mounir

Banque Misr to sign $500m loan agreement with China Development Bank

The bank has opened its representative office in Guangzhou in the framework…

Hossam Mounir Hossam Mounir

Industrial sector acquires 27.98% of bank loans

Government institutions are the second largest sector in terms of obtaining bank…

Hossam Mounir Hossam Mounir

EG Bank to hold financial inclusion seminar at Cairo University on Monday

The Egyptian Gulf Bank (EG Bank) will hold an educational seminar at…

Daily News Egypt Daily News Egypt

Banks start activities of financial inclusion week on Thursday

Negm addresses banks to be present in remote areas, clubs, and universities,…

Hossam Mounir Hossam Mounir

CBE Governor meets international financing institutions officials during IMF meetings

Tarek Amer, the Governor of the Central Bank of Egypt (CBE), had…

Hossam Mounir Hossam Mounir

QNB ALAHLI loans increased to EGP 99.617bn, deposits reached EGP 159.795m YTD

Total assets increased to EGP 195.780bn, up 3% from December 2016

Hossam Mounir Hossam Mounir

MIDB injected EGP 150bn in its capital

We target to achieve a growth rate of 25% in all indicators…

Hossam Mounir Hossam Mounir