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

CBE concludes week without changing pound’s price, contrary to market expectations

Market expectations inclined towards floating the exchange rate or reducing the value…

Hossam Mounir

CBE ends week without changing price of the Egyptian pound

The Central Bank of Egypt also did not hold an exceptional auction…

Hossam Mounir

Tantawy appointed board member in EGX, in succession of El Dib

Tantawy will represent the FEB on the board of directors of the…

Hossam Mounir

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