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

Banque Misr begins activating CBE initiative to finance SMEs with 5% yield

This springs from the bank's commitment to promoting economic development and contributing…

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QNB-Alahli loan portfolio augmented to EGP 61.5bnin 2015

The bank acquired 7.82% of the total loans provided by the Egyptian…

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CIB-Egypt targets attracting more customers through e-services

CIB-Egypt targets attracting more customers through e-services

Hossam Mounir Hossam Mounir

Banque Misr arranges EGP 62.3bn loans for major economic sectors in 2015

Bloomberg names the bank as best in promoting syndicated loans and funding…

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Emirates NBD renews partnership with Allianz Egypt for 5 years 

We have ambitious plan to expand in Egypt and launch innovative products…

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CBE restructures investing money in banks

Shrinking bank investment in investment funds, lowering maximum level of loans’ amounts…

Hossam Mounir Hossam Mounir

CBE controls bank operations by applying sticker obligations

CBE prohibits Egyptian banks from offering retail loans with monthly instalments that…

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ADIB Egypt redistributes its network across Egypt by opening 8 new branches

Redistributing branches gives the bank a better chance to serve the Egyptian…

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CBE launches programme to fund 350,000 SMEs for EGP 200bn in 4 years

Companies with annual revenues between EGP 1m and EGP 20m will receive…

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CBE awaits first segment of World Bank loan to support foreign reserves

Foreign reserves are facing major challenges by the beginning of 2016; repaying…

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