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

CIB-Egypt targets attracting more customers through e-services

CIB-Egypt targets attracting more customers through e-services

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…

Daily News Egypt

Emirates NBD renews partnership with Allianz Egypt for 5 years 

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

Daily News Egypt

CBE restructures investing money in banks

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

Hossam Mounir

CBE controls bank operations by applying sticker obligations

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

Hossam Mounir

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

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

Hossam Mounir

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…

Hossam Mounir

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

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

Hossam Mounir

NBE arranged 17 syndicated loans valued at EGP 65bn in 2015: Deputy Chairman

Electricity sector accounted for EGP 30.8bn; 14.8bn for petroleum; 9.45bn for construction;…

Hossam Mounir

GCC States approaching towards tax reforms: Deloitte

Saudi Arabia is committed to BEPS initiative and OECD action plan

Gehad El-Shaik