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

NBE targets EGP 65bn SMEs loans portfolio by end of 2020: Deputy Chairman

Bank invested $1.5bn to support importers, China Development Bank received entirety of…

Hossam Mounir

Visa to open office in Côte d’Ivoire to accelerate digital Payments

The office will facilitate engagement with key stakeholders in the region

Daily News Egypt

$56m increase in foreign exchange reserves at end of February: CBE

The Central Bank of Egypt (CBE) revealed Thursday the balance of foreign…

Hossam Mounir

Egypt’s US dollar certificates issuance positive for banks, insufficient to quell liquidity pressure: MOODY’S

The sale of US certificates for sale to Egyptian expatriates will increase…

Hossam Mounir

NBE, Banque du Caire, Banque Misr to accept subscriptions of Egyptians expats to ‘Bilady’ dollar certificate starting Tuesday

Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram said that the…

Hossam Mounir

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

AAIB celebrates first graduating class in sustainable finance programme

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

Daily News Egypt

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

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