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

PBDAC can reach nearly half the Egyptian population if properly supported by the government, CBE: Elkosayer

Depletion of foreign exchange resources is a major problem limiting the economy,…

Hossam Mounir Hossam Mounir

What are the challenges facing the Egyptian economy in the eyes of dealers?

Chief financial officers and heads of treasury sectors at banks (dealers) are…

Hossam Mounir Hossam Mounir

Egypt’s future depends on increasing domestic, foreign investment: United Bank chairperson

The Egyptian economy is a war economy; all Egyptians should stick together…

Hossam Mounir Hossam Mounir

Only the Egyptian people can solve their current economic problems: ex-CBE governor

Egypt has lived through more difficult problems, but the collaboration between Egyptians…

Hossam Mounir Hossam Mounir

Egypt has great potential that enables it to recover quickly: Elsayed

We have been working in the Egyptian market for 80 years; we…

Hossam Mounir Hossam Mounir

CBE expected to increase interest rate by 1% on Thursday

High inflation, application of VAT would raise Egyptian pound’s interest rate by…

Hossam Mounir Hossam Mounir

EU banking reforms coming to an end

Eurozone banking supervisor Daniele Nouy is worried about high levels of non-performing…

Deutsche Welle Deutsche Welle

HDB suspends cards of manipulative clients, closes their accounts: chairperson

Banks are making great efforts to solve foreign currency shortage in Egypt

Hossam Mounir Hossam Mounir

UAE deposit boosts CBE foreign exchange reserves by $1bn in August

The Central Bank of Egypt (CBE) revealed on Sunday evening that its…

Hossam Mounir Hossam Mounir

NCR intends to offer omnichannel service in Egypt: managing director for Africa

The company aims to supply Egyptian banks with the latest banking technology…

Hossam Mounir Hossam Mounir