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 du Caire aims for 10-12% growth in loan portfolio by year’s end: Financial Sector manager

The bank aims to increase its deposit portfolio to EGP 91bn, says…

Hossam Mounir Hossam Mounir

Banque du Caire aims to become the strongest bank supporting SMEs: CEO

Banque du Caire seeks to become the strongest bank operating in the…

Hossam Mounir Hossam Mounir

Banque du Caire to remain under state control after increasing its capital by 20% on EGX: chairperson

The bank will continue its role in serving the economy, even after…

Hossam Mounir Hossam Mounir

Egyptian Gulf Bank scores net profits of EGP 240.6m in H1 of 2016

The Egyptian Gulf Bank (EGB) achieved net profits of EGP 240.6m during…

Daily News Egypt Daily News Egypt

Banque du Caire profits increase by EGP 690m in 2015: El-Zahid

All of the bank's profits resulting from real operations, not the product…

Hossam Mounir Hossam Mounir

NBE finances 47,000 SMEs with EGP 28bn as of end of June

Bank aims to increase volume of provided SME funds to EGP 72bn…

Hossam Mounir Hossam Mounir

Stabilising US dollar exchange rate, CBE confuses dollar holders once again

The CBE directed banks to allocate foreign currency for imports of medication

Hossam Mounir Hossam Mounir

US dollar loses EGP 0.10 on informal market reaching EGP 12.40

Informal market started lowering the selling prices of the US dollar after…

Adel M. Fakhry Adel M. Fakhry

Bankers weigh in on the proposal to convert government’s debt to banks into shares in national projects

Some believe it is feasible while others claim it is fruitless

Hossam Mounir Hossam Mounir

A new start needed for Italy’s banks?

The Italian finance professor Claudio Zara calls for flexibility in eurozone rules…

Deutsche Welle Deutsche Welle