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

US dollar at customs repriced daily according to average bank rates on day before: ECA

The official price at customs on Tuesday registered EGP 17.26, hitting EGP…

Mohamed Ayyad

Private banks move to protect their deposits after governmental banks raise interest rate to 20%

Banks issue new savings certificates at high interest rates; others increased return…

Hossam Mounir

Banks loosen restrictions on US dollars abroad after foreign exchange resources improve following pound flotation

Banks operating in the local market have begun to ease restrictions set…

Hossam Mounir

PBDAC amends its main system after parliament approves law: chairperson

We will immediately begin to communicate with the World Bank to implement…

Hossam Mounir

US dollar price increases in mid-Sunday trading to EGP 16.5

The price of the US dollar increased in the five major banks…

Daily News Egypt

Banque Misr, CIB amend spending limits on cards abroad

Banque Misr and the Commercial International Bank (CIB) decided to amend the…

Hossam Mounir

Emirates NBD-Egypt aims to increase SME portfolio to 10% by end of 2017, 20% by end of 2019

Bank launches special unit to provide technical, financial support to SMEs, supports…

Hossam Mounir

US dollar exchange rate stable on 1st day of Egyptian pound’s complete flotation

Sunday marks the first day of the Egyptian pound’s complete flotation in…

Hossam Mounir

NBE, Banque Misr raise limits on card usage abroad

Vice chairperson of the National Bank of Egypt (NBE) Yehia Aboul Fotouh…

Mohamed Ayyad