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

Cooperation is conditional for obtaining dollars: CBE to banks

Amer's latest regulations for dollar availability act as a warning to uncommitted…

Hossam Mounir Hossam Mounir

CBE sets new regulations for dollar auctions

Banks acquisition of dollars is dependent on their efficiency in providing foreign…

Hossam Mounir Hossam Mounir

CBE issues exceptional offer to pump dollars in banks to meet import needs

Tarek Amer met with President Abdel Fattah Al-Sisi Wednesday to present his…

Hossam Mounir Hossam Mounir

Banking sector rejects value-added tax, seeks CBE’s assistance

Sources believe Amer is likely to agree to Federation of Egyptian Banks…

Hossam Mounir Hossam Mounir

6 banks exempted from applying maximum wage

Six other banks await a judicial ruling for exemption

Hossam Mounir Hossam Mounir

CBE to inject $1bn after new governor officially takes office

Last week CBE issued $1bn as part of bank’s plan to flood…

Menna Samir Menna Samir

NBK-Egypt reports 62.9% YoY increase in profits

The bank recorded EGP 445.6m net profits for the first nine months…

Hossam Mounir Hossam Mounir

ABK-Egypt targets increasing capital to EGP 1bn in 2016

The bank is playing a large role in facilitating financial flows from…

Hossam Mounir Hossam Mounir

Tourism sector awaits bank approvals to grant dollar loans for replacing, renewing building operations

Loans to be received in pounds and repaid in dollars; we are…

Hossam Mounir Hossam Mounir

Recommendations given to new CBE governor in community dialogue

PwC and N Gage Consulting organised the workshop

Doaa Farid Doaa Farid