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

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

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

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

United Bank aims to expand SME financing in 2016

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

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

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

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

Banking sector witnesses major shift in methods of providing services

Greater reliance on technology alongside declining role of traditional branches

Hossam Mounir

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…

Hossam Mounir

QNB-Alahli loan portfolio augmented to EGP 61.5bnin 2015

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

Hossam Mounir