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

Egypt to receive 2nd tranche of AFDB loan within two weeks: AFDB

The government also called for AFDB to finance a sewage plant in…

Ahmed Farahat

Hariri family sells its share in Arab Bank to group of investors

Oger Middle East Holding Company, owned by the Hariri family, sold its…

Hossam Mounir

Usage of cards abroad dropped by 55% following flotation: CBE

Egyptians usage of cards abroad dropped by a value of $223m in…

Hossam Mounir

Banks operating in Egypt record EGP 56bn net profits in 2016: CBE

The Egyptian banking sector is powerful and capable of overcoming the effects…

Hossam Mounir

Egyptian remittances amount to $4.6bn in Q4 2016: CBE

Total remittances sent home from Egyptians working abroad rose during the period…

Hossam Mounir

QNB named most valuable banking brand in Middle East and Africa

"QNB Group has maintained its ranking of the most valuable banking brand…

Hossam Mounir

Egyptian SMEs Association to review obstacles facing projects on Monday

The Egyptian Small- and Medium-sized Enterprises (SMEs) Association is set to host…

Hossam Mounir

United Bank completes 90% of developments of its electronic infrastructure in cooperation with Misys: chairperson

The bank has become ready to begin providing smart digital banking services…

Hossam Mounir

CIB organises mobile payment services workshop for micro enterprises 

CIB realised that microfinance organisations and their customers are the most dynamic…

Hossam Mounir

Banque Misr considers arranging syndicated loans worth EGP 54.7bn to a number of major economic sectors

Bank secures first place in the Egyptian banking market for marketing and…

Hossam Mounir