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

The United Bank to be sold late 2016, early 2017: chairperson

The CBE received requests from a large number of international institutions to…

Hossam Mounir

Metropolitan Egypt negotiates with Egyptian Gulf Bank, Banque Misr to provide financing for Enmaa projects

Enmaa needs financing worth EGP10m in the form of letters of guarantee…

Hossam Mounir

Panic dominates after punishment toughened on currency traders

Employees in exchange companies in the informal market express concern, outrage over…

Mohamed Ayyad

Banks continue to curtail US dollar use overseas

Banks are lowering limits of different types of cards and reducing hard…

Hossam Mounir

Would shutting down exchange companies solve the US dollar crisis?

Opponents to the proposal point to the companies’ role in securing hard…

Hossam Mounir

PBDAC negotiates with SFD to obtain EGP 100m loan: PBDAC chairperson

The loan will finance agricultural industrialisation projects and greenhouses at low cost,…

Hossam Mounir

EFG Hermes revenues up 10% y-o-y

Increase due to higher fee, commission income, rising contributions from leasing business,…

Daily News Egypt

Finance Ministry chooses Dechert to offer US dollar bonds abroad

7 global law firms submitted bids, says government source

Ahmed Farahat

Return to normal demand on US dollar in informal market

CBE allocates the value of Tuesday’s tender to cover imports of medicines,…

Hossam Mounir