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 and e-finance contract with 14 public universities to collect students’ tuition fees electronically: Abu ElFotouh

205,000 students are using prepaid cards in order to achieve financial inclusion…

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NBE, Banque Misr, CIB offer EGP 1.148bn worth of securitisation bonds for Corplease 

The National Bank of Egypt (NBE), Banque Misr, and the Commercial International…

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Banque Misr financed import operations worth $2bn, post-flotation collection of US dollars surpassed $1bn 

We aim to increase MSMEs financing to EGP 25-30bn by 2019, branches…

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Reform measures taken in 2016 to positively reflect on performance of economy, banks in 2017: El-Damaty 

Payment of temporary facilities obtained by customers in foreign currency is the…

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2017 is the year to rectify the Egyptian economy, bank investment opportunities abound: Fahmy

Banks to look for alternative financing opportunities as state reduces dependence on…

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2017 is full of opportunities and challenges for banks in the Egyptian market: Fayed 

Bank Audi will focus on financing food, medicine, and production requirements this…

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2017 is the year of harvesting fruits of 2016 economic reforms: Tinawi

ABC-Egypt finalised preparing SMEs service infrastructure; ready to begin supporting the sector

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Banks to be vital for supporting the economy in 2017: Elkosayer

PBDAC will continue its role to serve Egyptian peasants with greater diversification…

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Banks to increase size of financing for factories and projects, reduce size of funding budget deficit: Elkady

United Bank aims to implement a strong expansion plan in various sectors…

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