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

Moroccan Attijariwafa bank new owner of Barclays Egypt

Barclays Bank PLC agreed to sell its retail and corporate banking business…

Daily News Egypt

Contrary to market expectations, CBE fixes US dollar price in its regular auction

The bank directed the auctioned US dollar to cover imports of pharmaceutical…

Hossam Mounir

President Al-Sisi meets with CBE’s Governor

Amer said during the meeting that the initial agreement reached between Egypt…

Daily News Egypt

Crédit Agricole-Egypt signs $50m cooperation agreement with EBRD

Trade facilitation programme will allow Crédit Agricole to provide more support to…

Daily News Egypt

United Bank aims to increase its performing loans to EGP 7bn by year’s end: vice chairperson

We are coordinating with the NBE and Banque Misr to take part…

Hossam Mounir

Blom Bank’s loans portfolio increased by 14% in H1 2016: managing director

The bank injected EGP 680m of loans in six months, despite the…

Hossam Mounir

Fawry contracts with 12 banks for e-payments via mobile phone

We began launching the service with a number of banks and will…

Hossam Mounir

NBE prepares to launch international bonds worth $600m in international markets

Industrial sector acquires 18% of SMEs’ loans; NBE targets to double them

Asmaa Nabil