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

Egyptian banking delegation visits Malaysia to learn about its experience in financing SMEs

The small- and medium-sized enterprises (SMEs) unit in the Egyptian Banking Institute…

Hossam Mounir Hossam Mounir

SMEs account for 10% of QNB Alahli loans portfolio: chairperson

The bank’s outcome of hard cash increased tenfold following flotation, says El…

Hossam Mounir Hossam Mounir

Implementing Basel III, reducing government’s borrowing rate are best ways to improve banking sector: expert

The next step needed to reform the banking sector is to implement…

Hisham Salah Hisham Salah

Cooperation protocol between Banque du Caire, 10th of Ramadan Investors Association to finance SMEs

The cooperation protocol comes within the framework of the initiative launched by…

Hossam Mounir Hossam Mounir

Afreximbank funds EGPC with $200m

The African Export–Import Bank (Afreximbank) signed a credit facility agreement worth $200m…

Daily News Egypt Daily News Egypt

EBRD, QNB Alahli fund SMEs with $140m

The European Bank for Reconstruction and Development (EBRD) is partnering with QNB…

Daily News Egypt Daily News Egypt

CBE signs 18bn yuan bilateral currency swap agreement with Chinese central bank

The agreement will lead to a decline in demand on the dollar…

Hossam Mounir Hossam Mounir

Foreign exchange reserves increase by $4bn to reach $23bn as of end of November

The Central Bank of Egypt (CBE) announced that its foreign exchange reserves…

Hossam Mounir Hossam Mounir

Overall deterioration in business conditions is strongest since July 2013: Emirates NBD-Egypt

High prices continue to drive downturn in non-oil private sector

Hossam Mounir Hossam Mounir