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

CBE Deputy Governor clarifies regulators on dollar cap increse

Officers from banking operations expressed uncertainty regarding several features of the new…

Hossam Mounir

CIB’s loans portfolio increases to EGP 62.6bn

Bank’s profits exceeded our expectations, while the growth rate of deposits and…

Hossam Mounir

NBE, Banque Misr to post joint profits exceeding EGP 9bn

Banque Misr achieved net profits of EGP 2.51bn after taxes in FY…

Hossam Mounir

Audi Bank-Egypt EBRD sign $30 loan agreement to support SMEs in Egypt

The ERBD will use the loan to further its strategy in Egypt…

Hossam Mounir

NBE invested EGP 4bn into tourism after 25 January Revolution

The NBE has invested a total of EGP 13bn in the tourism…

Hossam Mounir

We will not put depositors’ money at risk by investing in stock market: Banks

Foreign banks prevent branches from investing in stock market, Egyptian banks resort…

Hossam Mounir

NBE finances 45,000 SMEs with EGP 19bn

The bank participated in the CBE initiative for financing small and micro…

Hossam Mounir

AAIB first private bank in Egypt to promote syndicated loans on MENA level: Bloomberg

Bloomberg ranks the best investment banks in over 200 countries, dealing with…

Daily News Egypt

UNB-Egypt chosen among 100 top companies in Egyptian market

Managing Director of UNB Atef El-Deeb was handed the honour shield in…

Daily News Egypt

Bank of Alexandria launches campaign to encourage exchange of dollar remittances

We are continuing in our efforts to increase foreign currency inflows and…

Hossam Mounir