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

EGP 2.5bn syndicated loan to Majid Al Futtaim

Alex Bank and the National Bank of Abu Dhabi will act as…

Daily News Egypt

Banque Misr inaugurates regional headquarters and new branch in Dubai, UAE

Chairman of Banque Misr Mohamed El Atriby inaugurated the Dubai branch and…

Daily News Egypt

HSBC to introduce mortgage loans in 2016

Loans to be introduced to premier clients first

Sara Aggour

HSBC’s latest report shows that 75% of Egyptians are not ready to retire: executive

The bank saw growth in its asset lending book in 2015, reaching…

Sara Aggour

CBE closes 5 exchange companies for committing violations: deputy governor

Negm said the closure of money exchange companies and revoking their licenses…

Hossam Mounir

Banks must adhere to risk management system: CBE

Banking is most supported sector following 2011 revolution, owing to banking reform…

Hossam Mounir

Amer calls for bank leaders to hold expanded meeting next Sunday

Meeting is first of its kind since Amer took office in November…

Hossam Mounir

CBE has no right to reduce CEOs’ tenures under banking law: legal adviser

CBE Governor Tarek Amer surprised the banking sector by issuing a decree…

Hossam Mounir

United Bank leaders deny knowledge of selling bank to strategic investor

We have not yet received any formal notification from CBE, says El-Kady

Hossam Mounir

CBE, international institutions begin assessing AAIB, Banque du Caire in preparation for IPO

Timing, price, and promotion are important factors for a successful launch on…

Hossam Mounir