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

US Dollar loses 10 piastres during Thursday transactions

The US dollar exchange price index slipped against the Egyptian pound in…

Daily News Egypt

The Pound losing ground despite rising stock prices

In November, the Egyptian administration floated the Egyptian pound to secure a…

Daily News Egypt

HDB expands its branches to 7

The Housing and Development Bank (HDB) increased the number of its branches…

Daily News Egypt

EG Bank achieves 130% loan portfolio increase and 97% deposit increase

The bank's total assets rise to EGP 45.16bn by the end of…

Daily News Egypt

Basic system for agricultural banks merger to be set up in two months: EAB head

We consult with the Minister of Agriculture and the CBE governor to…

Hossam Mounir

Fayed as CEO and managing director, Sadek as non-executive chairperson for Audi Bank Egypt

The bank reveals its business results on Monday, initial indications suggest achieving…

Daily News Egypt

Banque Misr injected EGP 869m to finance housing of 10,309 medium and low income clients

The bank injects more than EGP 5bn to finance environment-friendly energy production…

Daily News Egypt

Market awaits changes in bank leadership in mid April

Banks will present their recommendations to the CBE’s governor, since the law…

Hossam Mounir