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 extends tourism sector support initiative until February 2018

The bank also decided to extend the retail loans initiative for employees …

Hossam Mounir

Banks offer investments worth EGP 91bn in CBE’s deposit operation on Tuesday 

Banks operating in the domestic market offered investments worth EGP 91bn of…

Hossam Mounir

Balance of payments runs $1.9bn surplus during Q1 of current FY: CBE

The CBE explained in a statement on Thursday that capital and financial…

Hossam Mounir

CBE dismisses rumours of Tarek Amer’s resignation

Amer will willingly complete his four-year constitutional term

Hossam Mounir

United Bank signs partnership protocol with Suez Canal Economic Zone

The bank will participate in financing major projects, and provide credit facilities…

Hossam Mounir

NBE, IDA to finance projects under ‘Your factory is ready’ initiative

Total SMEs portfolio in the NBE reached EGP 28.4bn and serves 51,600…

Hossam Mounir

Banque Misr records EGP 5bn increase in banking portfolio during last FY

The bank spent more than EGP 40bn on salaries transferred from public…

Hossam Mounir

CBE cancels meeting with representatives of investor associations

Amer refuses attendance of legal advisor to the associations

Selim Hassan

Banque Misr offers loans worth EGP 33.2bn to several economic sectors

Loans will be granted to different sectors including maritime shipping, electricity, energy,…

Hossam Mounir