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

Bank Audi-Egypt to expand loan portfolio to include SMEs, among other sectors

Bank Audi-Egypt increased its deposit holdings by 17%, and increased  the value…

Hossam Mounir

Hala Sakr becomes first female Managing Director of Barclays Egypt

According to Barclays Africa Regional Management Chief Executive Mizinga Melu, Sakr’s appointment…

Daily News Egypt

UAB recommends economic, legislative reforms in Arab countries to attract foreign investment

Participants in the forum called upon Arab banks and financing institutions to…

Hossam Mounir

CBE discusses ways to increase MSMEs’ funding with banks

Banks are currently preparing their infrastructure to begin implementing CBE initiative

Hossam Mounir

EGP 2tn size of the Egyptian banking sector by the end of 2015: Fayed

The size of the Egyptian banking sector was EGP 2tn by the…

Hossam Mounir

Only 8 million of 54 million eligible citizens have bank accounts

Vice chairman of the Federation of Egyptian Banks and chairman of the…

Hossam Mounir

CBE fixes prices of basic yield

The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided…

Hossam Mounir

Decision to propose capital increases for 2 banks on EGX is governamt’s most impotant in recent years

Chairman of the Egyptian Exchange (EGX) Mohamed Omran said the government's and…

Hossam Mounir

$3.3tn of Arab banking sector assets by end of September 2015: Barakat

Only 8% of total financing in Arab banks goes to SMEs

Hossam Mounir

First portion of WB loan has not entered CBE yet: CBE Deputy Governor

Deputy Governor of the Central Bank of Egypt (CBE) Tarek Fayed asserted…

Hossam Mounir