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

QNB ALAHLI and Visa partner to launch mVisa in Egypt

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

Daily News Egypt

United Bank launches self-inquiry through its website and ATMs

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

Daily News Egypt

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

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

NBE, Banque Misr extend working hours to collect taxes electronically

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

Daily News Egypt

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

EGX, ALEXBANK sign MoU to support and empower Egyptian SMEs

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

UNB Egypt aims to achieve 30% growth in loans and deposits

We aim to acquire a stake of not less than 5% of…

Hossam Mounir

Bank Audi Egypt represents 15% of group’s size, to increase further to 30%: Fayed 

Egypt enjoys a special position in Bank Audi Group, which supports Bank…

Hossam Mounir