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

United Bank obtains EGP 120m from SFD to finance SMEs

We signed six contracts with the fund so far, totalling EGP 395m,…

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Arab Bank increase number of branches in Egypt to 41

The bank aims to enhance its local spread and be the best…

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QNB ALAHLI and Visa partner to launch mVisa in Egypt

Seamless and secure QR-based mobile solution to enable faster and more convenient…

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United Bank launches self-inquiry through its website and ATMs

The bank is keen on offering a package of new smart technology…

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Egypt’s banks achieved net profits of EGP 53.066bn until December: CBE

Egypt's five largest banks acquire 42.66% of total profits achieved by banks…

Hossam Mounir Hossam Mounir

Private sector acquires 66.3% of total bank loans to clients by December: CBE

Non-performing loans rate declines to 5.8% of total loans in banks, with…

Hossam Mounir Hossam Mounir

NBE, Banque Misr extend working hours to collect taxes electronically

59 branches of NBE work until 5.00pm, 75 branches of Banque Misr…

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ALEXBANK’s SMEs portfolio amounts to EGP 2bn: CEO

EGX, ALEXBANK sign MoU to support and empower Egyptian SMEs

Hossam Mounir Hossam Mounir

Banks increase bad debt allocations by EGP 27.2bn due to flotation

Total financial position of banks climbed to EGP 3.99tn at the end…

Hossam Mounir Hossam Mounir