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

UNB launches campaign to encourage Egyptian expatriates to transfer money to Egypt

UNB provides free money transfer service for Egyptians in UAE, numerous prizes

Daily News Egypt Daily News Egypt

Fawry targets 50% growth rate in its business in Egypt during 2016

We aim to increase payment outlets to 60,000 by the end of…

Mohamed Alaa El-Din Mohamed Alaa El-Din

Egypt ripe for electronic payments due to widespread use of mobile phones: Visa Egypt GM

Visa accounts for 61.5% of total cards issued worldwide, its share in…

Hossam Mounir Hossam Mounir

72m credit facilities registered in I-Score database as of October 2015

140,500 SMEs work with banks and banking sector should support these companies…

Hossam Mounir Hossam Mounir

NCR aims to boost Egypt business to EGP 1bn over next 3 years

Company accounts for about 90% of ATMs in Egypt, says Africa Managing…

Hossam Mounir Hossam Mounir

Retail banking accounts for 24% of Bank Audi Egypt’s total loans portfolio

EGP 3.8bn in individual loans from bank throughout September 2015, with an…

Hossam Mounir Hossam Mounir

United Bank aims to expand SME financing in 2016

Bank is reconsidering investment policies and will open 12 new branches to…

Hossam Mounir Hossam Mounir

HDB aims to inject EGP 500m in retail loans over 2016

Retail loans constitute 58% of the total loans portfolio in the bank,…

Hossam Mounir Hossam Mounir

CIB-Egypt launches innovative digital products, aims to attract more new customers during 2016

CIB puts simple conditions on opening accounts for youth to attract them…

Hossam Mounir Hossam Mounir

Bank’s proposals published to break deadlock of CBE’s retail banking regulations

Banks request CBE not to impose these regulations on all customers and…

Hossam Mounir Hossam Mounir