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

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

Hossam Mounir

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…

Hossam Mounir

United Bank adopts strong expansion plan throughout 2017, despite bank sale discussions 

We are serious in providing banking and technical support for SMEs, says…

Hossam Mounir

CBE prints EGP 200m worth of EGP 1, EGP 0.5 banknotes

The bank said in a statement on Thursday that it has printed…

Hossam Mounir

Largest 10 banks acquired 72.11% of total deposits until September 2016: CBE

The share of the largest five banks of total deposits reaches 58.9%;…

Hossam Mounir

HDB conducting public lottery for social housing land in January 2017

The Housing & Development Bank is currently conducting a lottery for social…

Hossam Mounir

Banque du Caire to inject EGP 1bn across various economic sectors in 2017

Sectors include transportation, logistics, construction, industry, food, and commodities

Hossam Mounir

HDB increases number of branches to 70 

We aim to reach 100 branches by the end of 2018, Sebaey…

Hossam Mounir

QNB Al-Ahli cooperates with VISA to promote electronic payments

The bank is preparing to launch mVISA service for the first time…

Hossam Mounir