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

Cooperation protocol between Banque du Caire, 10th of Ramadan Investors Association to finance SMEs

The cooperation protocol comes within the framework of the initiative launched by…

Hossam Mounir

Afreximbank funds EGPC with $200m

The African Export–Import Bank (Afreximbank) signed a credit facility agreement worth $200m…

Daily News Egypt

EBRD, QNB Alahli fund SMEs with $140m

The European Bank for Reconstruction and Development (EBRD) is partnering with QNB…

Daily News Egypt

CBE signs 18bn yuan bilateral currency swap agreement with Chinese central bank

The agreement will lead to a decline in demand on the dollar…

Hossam Mounir

Foreign exchange reserves increase by $4bn to reach $23bn as of end of November

The Central Bank of Egypt (CBE) announced that its foreign exchange reserves…

Hossam Mounir

Overall deterioration in business conditions is strongest since July 2013: Emirates NBD-Egypt

High prices continue to drive downturn in non-oil private sector

Hossam Mounir

Pound recovers from its lowest level against the US dollar since flotation

The Egyptian pound has regained some of its strength against the US…

Hossam Mounir

Soha Soliman appointed deputy chairperson of Banque du Caire

Egypt’s cabinet issued a decree on 26 November appointing Soha Soliman, the…

Hossam Mounir

18 million people require microfinance in Egypt: former CBE governor

We need about EGP 54bn to finance 3.6 million families living below…

Hossam Mounir

HDB focuses on financing 4 major sectors of SMEs

Microenterprises will be financed through companies and associations specialised in these projects,…

Hossam Mounir