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

CBE considers launching initiative to support micro-enterprises

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

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

Offering United Bank for sale still pending: chairman

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

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

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

Egyptian Banking Institute organises SME development workshop 

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

Daily News Egypt

Banque du Caire aims to inject EGP 2bn into SMEs during 2016: Chairperson

El-Zahid said the bank has been supporting these projects for more than…

Hossam Mounir

UAB, World Bank to conclude study on initiatives to support SMEs

There are serious steps being taken to support SMEs in Egypt, Sudan,…

Hossam Mounir

CBE governor claims responsibility for reduction of pound’s value against dollar

In a meeting with the CBE deputy governor and various banking officials,…

Hossam Mounir

NBE records EBT of EGP 10.4bn during FY 2014/2015

The bank also achieved a 23% growth in loans granted to small…

Hossam Mounir