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

Accountability State Authority approves financial statements of IDBEE for past 3 years

We are working to have 2015 budget approved before mid-2016, Says El-Kosayer

Hossam Mounir Hossam Mounir

AAIB celebrates first graduating class in sustainable finance programme

MOSTADAM was jointly established by the AAIB, the United Nations Development Programme…

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NBE, Banque Misr, Banque Du Caire to launch ‘Bilady’ certificates for Egyptians abroad

Certificate will be issued in dollars with three and five-year maturation periods…

Hossam Mounir Hossam Mounir

Money transfers of Egyptians working abroad may save the day for Egypt

El-Kosayer sent out invitation through DNE asking Egyptians abroad to transfer 25%…

Hossam Mounir Hossam Mounir

ADIB posts EGP 1.852bn increase in net loans portfolio

Loans portfolio at the bank increased by 1% in Q4 of 2015,…

Hossam Mounir Hossam Mounir

Banque du Caire conducts study of EGP 1.5bn investment

The bank invested EGP 1.4bn in projects related to electricity, housing, food…

Hossam Mounir Hossam Mounir

CBE finances purchase of housing for low-income earners with discounted yearly rate

Bank amends mortgage finance initiative, introduces another category of youth

Hossam Mounir Hossam Mounir

Banking sector allocates EGP 10bn for Housing Ministry to build 450,000 housing units: Amer

About 90% of national output in advanced societies is based on small…

Hossam Mounir Hossam Mounir

CBE announces EGP 5bn loan programme for industry, manufacturing

The loans will be allocated for the purchase of machines and equipment…

Hossam Mounir Hossam Mounir

Egyptian banks provide EGP 40m for redevelopment of downtown Cairo

Banque Misr, the National Bank of Egypt (NBE), the Commercial International Bank…

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