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

NBE receives EGP 15bn in new deposits in fortnight: chairperson

Banque Misr collected $400m during the first two weeks of the flotation,…

Hossam Mounir

Foreign exchange outcome at banks exceeds $3bn over past 2 weeks: CBE sub-governor

Investment funds, international pension funds began investing in Egyptian government debt instruments

Hossam Mounir

Despite high interest, banks attract only EGP 26bn of new funds into saving certificates

Investments in new saving certificates amount to EGP 135bn, 81% recycled from…

Mohamed Ayyad

CIB increases spending limit on cards abroad for 3rd time

The Commercial International Bank (CIB) increased its spending limits on its cards…

Daily News Egypt

EAB secures loans worth EGP 5.5bn to fund 800,000 plant production, agricultural crops projects: chairperson

We aim to finance participants in the 1.5m acres project to support…

Hossam Mounir

Banque Misr finances 419,000 clients working in micro-enterprises, SMEs

The bank granted 30,400 loans under Mashrouak (Your Project) initiative worth EGP…

Daily News Egypt

Banks begin providing hard cash to import non-essential goods on Sunday

Banking sector financed import of food commodities, medicines, and production inputs worth…

Hossam Mounir

Interest rates remain unchanged by the CBE

Analysts expect these rates to remain unchanged for three to six months

Hossam Mounir

Banking sector secures financing to import $2.5bn worth of food commodities, medicine: CBE

$1.5bn allocated to import intermediate goods and raw materials for production; $414.6m…

Hossam Mounir