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

Banks acquired 74 of outstanding treasury bills in January 2017

Foreigners’ investments in state debt instruments increased to EGP 79bn in first…

Hossam Mounir Hossam Mounir

Household sector accounts for 75% of deposits at banks in December

It is very normal that individuals' share in deposits is higher than…

Hossam Mounir Hossam Mounir

United Bank aims to increase real estate finance portfolio to EGP 300m

The portfolio's volume now is EGP 110m, but contracts to fund 11…

Hossam Mounir Hossam Mounir

AIB’s loan portfolio increased to EGP 9bn by end of 2016

The bank has achieved more than 100% growth in business volume, says…

Hossam Mounir Hossam Mounir

Banking sector to rise up for supporting SMEs

EGP 101bn finances granted from banks to this sector so far, says…

Hossam Mounir Hossam Mounir

“Blom Egypt for Financial Investments” starts its activities in May

The paid capital of the company amounts to EGP 10.25m and the…

Hossam Mounir Hossam Mounir

BLOM Egypt targets growth rate of 15% in all indicators by end of 2017

EGP 400m injected in bank’s capital to reach EGP 1.7bn financed by…

Hossam Mounir Hossam Mounir

HDB awaits CBE approval to separate real estate activity from banking business

We aim at becoming a commercial bank practicing banking business only and…

Hossam Mounir Hossam Mounir

CBE keeps interest rates unchanged

In its meeting held on 30 March, the Monetary Policy Committee (MPC)…

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