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 Misr finances import of basic, non-basic goods by $1.37bn since flotation: chairperson

Amount of collected US dollars amounted to $850m from clients, while new…

Hossam Mounir

Lack of investment opportunities straining Egyptian banks

The liquidity of the pound has increased by EGP 64bn since the…

Hossam Mounir

When will the Egyptian market stablise?

What we see happening now is normal, but we’re not used to…

Hossam Mounir

CBE issues new regulations for mobile payment services

New regulations and procedures constitute a new approach in the banking sector…

Hossam Mounir

US dollar registers new peak, jumps to EGP 19 at HSBC

The US dollar price jumped against the Egyptian pound to register its…

Hossam Mounir

Banks provided financing worth EGP17bn to SMEs and micro enterprises in 9 months: CBE

The recent issuance of certificates has attracted new deposits from outside the…

Hossam Mounir

US dollar exceeds EGP 18 at CBE for first time since flotation

Analysts play down impact of recent terrorist events on future of the…

Hossam Mounir

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

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