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

Trade exchange between Egypt and outside world falls to $75bn in FY 2015/2016: CBE

Imports decline by $4.99bn, exports down by $3.54bn

Hossam Mounir

Royal Bank of Scotland fails stress test

The Royal Bank of Scotland is not prepared for another financial crisis,…

Deutsche Welle

Credit facilities granted by banks to their clients in August increased by EGP 12.3bn: CBE

Private sector accounts for 59.4% of the total facilities, deposits increase by…

Hossam Mounir

Egyptian pound continues to decline against US dollar at banks

The currency exchange is governed by supply and demand, says CBE and…

Hossam Mounir

Dollar climbs to EGP 18 at banks on Monday

The US dollar climbed to EGP 18 on Monday at banks operating…

Daily News Egypt

Egypt’s consumer spending amounts to $156bn: Visa general manager

Consumer spending in Egypt reached $156bn, though the use of electronic payments…

Hossam Mounir

NBE provides $800m for imports following pound flotation

Fluctuations in the US dollar exchange rate are normal initially and will…

Daily News Egypt

Do not worry about volatility of exchange rate: bank leaders

Egypt is undergoing a new experience, and stability of the market relies…

Hossam Mounir

Flotation of the pound, raising interest rates limit growth of retail banking: banker

Attracting new customers, including university students, and offering modern banking technology are…

Hossam Mounir