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

New year to witness real beginning for attracting foreign investments, allowing banks to finance national, investment projects: El Zahid

Sectors of transportation, logistics, construction, industry, food, and basic commodities top indsutries…

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Strong expectations for banks to increase financing to SMEs and major projects in 2017: El-Etreby

Banque Misr aims to implement a strong plan to expand in terms…

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NBE finances imports worth $4.3bn for public, private sectors since pound flotation 

NBE's proceeds reached $2.2bn since 3 November 2016, while savings certificates with…

Hossam Mounir Hossam Mounir

Banque Du Caire participates in new initiative to support small and micro enterprises in Upper Egypt

The bank granted over 1.5m loans to owners of micro enterprises with…

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CBE pumps EGP 2.5bn into United Bank’s capital

Supporting the bank’s capital is meant to support its ability to expand…

Hossam Mounir Hossam Mounir

QNB ALAHLI gross loans increased to EGP 97.508m, up by 55% from December 2015

Net profit increased to EGP 4.203m, up by 32% y-o-y

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BanqueMisr offers new personal loan with proof of income 

BanqueMisr offered on Sunday a new retail banking product—a personal loan granted…

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CBE to meet 8 times in 2017 to determine future of Egyptian pound’s interest rate

Direction of interest rate depends on inflation and government strategy, say analysts

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United Bank calls on parliament to lift immunity off Khaled Beshr to collect debt worth EGP 32m 

The United Bank requested the Egyptian House of Representatives to lift immunity…

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