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

5 banks represent UAE in Egyptian market

Five UAE banks currently operate in the Egyptian market; Emirates NBD, the…

Hossam Mounir Hossam Mounir

UAE Banks Federation hosts third annual ME Banking Forum

The forum is held in cooperation with the Financial Times Live, and…

Hossam Mounir Hossam Mounir

NBE, Banque Misr collect EGP 28bn within 5 days, expected to increase

Both banks attracted liquidity from outside banking sector, dollar selling operations to…

Hossam Mounir Hossam Mounir

CBE to cover 25% of banks’ temporary credit facilities granted to importers in foreign currencies

Banks are obliged to deposit the amounts the will obtain with the…

Hossam Mounir Hossam Mounir

CBE maintains dollar at EGP 7.83

Dollar was devaluated by 20 piasters on Wednesday

Hossam Mounir Hossam Mounir

CBE intervenes to strengthen pound against dollar

Dollar fell in black market for hours until it suddenly stopped

Hossam Mounir Hossam Mounir

CBE raises EGP value against dollar by 20 piasters

The central bank will also cover 25% of the temporary credit facilities…

Hossam Mounir Hossam Mounir

Banque Misr savings certificates attract EGP1.2bn by Monday afternoon: El-Etreby

The National Bank of Egypt (NBE) and Banque Misr offered, Sunday, savings…

Hossam Mounir Hossam Mounir

CBE to convert $4bn worth of dues on importers to local currency

Tarek Amer holds frequent meetings with public bank heads to discuss developments…

Hossam Mounir Hossam Mounir

Banque Misr collects EGP 400m through certificates on first day

They surprised banking market with launch of two certificates with annual returns…

Hossam Mounir Hossam Mounir