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

Bank credit facilities increase by EGP 224.7bn over FY 2015/2016: CBE

Private sector accounts for 59.8% of the credit facilities, while industry leads…

Hossam Mounir

$2.8bn payment balance deficit in FY 2015/2016: CBE

Current account deficit reaches $18.7bn, compared to $12.1bn in FY 2014/2015

Hossam Mounir

Banque Misr arranges EGP 2bn syndicated loans for industry sector projects: chairperson

Negotiations underway with a foreign institution to obtain a $300m loan in…

Hossam Mounir

NBE arranges 2 loans worth EGP 20bn for power projects, infrastructure

Loans portfolio expected to increase in size during current FY, bank vice…

Hossam Mounir

Egyptian economy has enough resources, potential to become among world’s most powerful economies: AIB chairperson

We are optimistic about the future of the Egyptian economy, especially following…

Hossam Mounir

Egypt bears ingredients to successfully overcome economic crisis and compete with other countries: Abdul Aal

Egypt’s greatest challenge is that it imports 70% of its needs, and…

Hossam Mounir

Egypt has all the potential to overcome its challenges: CEO of BLOM Bank Egypt

We have great potential in tourism, industry, agriculture, energy, and mineral resources,…

Hossam Mounir

More liberalised exchange rate regime is one of the tools to solve foreign currency shortage: Amr El-Ganainy

Proper legislation has to be issued to incorporate the informal economy into…

Hossam Mounir