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

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…

Hossam Mounir

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

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

Hossam Mounir

BanqueMisr offers new personal loan with proof of income 

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

Daily News Egypt

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