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

Non-performing loans fall to 5.9% as of end of June: CBE

Private sector accounts for 70.6% of total loans provided by banks to…

Hossam Mounir

14 banks inject EGP 4.1bn to finance low- and middle-income housing until end of October: Head of Mortgage Finance Fund

Financial leasing activity amounts to EGP 15bn during the first nine months…

Hossam Mounir

CBE fixes pound’s price against US dollar on Tuesday, market still awaiting devaluation

Possibility of launching exceptional auction completed ruled out for now, as the…

Hossam Mounir

Banque Du Caire finances purchase of 7,317 residential units within CBE real estate financing initiative

Banque Du Caire purchased 7,317 residential units for low and middle-income segments…

Hossam Mounir

Bankers rule out floating Egyptian pound before making official request to borrow from IMF

Fund officials say that a flexible exchange rate for the Egyptian pound…

Hossam Mounir

Banque du Caire’s share in joint loans during H1 of 2016 amounts to EGP 8bn: chairperson

The bank is keen to take part in financing different economic sectors…

Hossam Mounir

Government plans to borrow EGP 324.5bn in Q2 of FY 2016/2017

Launch of treasury bills tenders for EGP 300.25bn, bonds worth EGP 24.25bn…

Hossam Mounir

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