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

Banque Misr targets increase in SMEs loans to EGP 1.5bn by end of FY 2015/2016

The bank provides 55% of the total funds granted by banks as…

Hossam Mounir Hossam Mounir

IDBE launches 11 products, programmes to finance SMEs: bank chairperson

Loans to SMEs represent 16% of bank’s total loan portfolio, which we…

Hossam Mounir Hossam Mounir

UNB-Egypt aims to increase SMEs loans to 8% of total portfolio by year’s end

Bank developed a strategy to increase finances provided to the sector to…

Hossam Mounir Hossam Mounir

Metropolitan Consulting supports CBE’s initiative for financing SMEs

Nagaty said the company’s goal behind this step is to contribute to…

Hossam Mounir Hossam Mounir

CBE considers launching initiative to support micro-enterprises

Intensive meetings held with ministries, authorities responsible for financing micro-enterprises to finalise…

Hossam Mounir Hossam Mounir

EBI to hold conference on risk management in the banking sector

The conference will be held under the auspices of governor of the…

Hossam Mounir Hossam Mounir

Offering United Bank for sale still pending: chairman

CBE, other parties still studying issue of sale, we have not received…

Hossam Mounir Hossam Mounir

HDB records gross profits of EGP 491.2m for 2015

The HDB's loans portfolio increased by 15.5% to record EGP 8.2bn, while…

Hossam Mounir Hossam Mounir

Bankers expect interest rates on savings instruments in pounds to rise

The Monetary Policy Committee of the CBE decided to raise deposit and…

Hossam Mounir Hossam Mounir

Egyptian Banking Institute organises SME development workshop 

The workshop also reviewed the Malaysian experience in the field of developing…

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