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

UNB-Egypt aims to acquire 5% of Egyptian banking market in 10 years: Vice Chairman

UNB supports Emirati investors in Egypt, and issued letters of guarantee worth…

Hossam Mounir Hossam Mounir

Banque Misr, NBE issue savings certificates with 12.5% return

The step aims at combating dollarisation, and banks issued two similar certificates…

Hossam Mounir Hossam Mounir

AAIB underwent significant expansions: Bank leaders

Bank launches14 new branches, number of ATMs increases to 321

Hossam Mounir Hossam Mounir

NBE branches to sell commemorative Suez Canal gold coins

Deputy Chairman of the National Bank of Egypt Mahmoud Montasser said all…

Daily News Egypt Daily News Egypt

Foreign exchange reserves increase $80m in October: CBE

Foreign exchange reserves at the Central Bank of Egypt (CBE) increased by…

Hossam Mounir Hossam Mounir

Deutsche Bank fined for violating US sanctions

Deutsche Bank will have to pay hundreds of millions of dollars for…

Deutsche Welle Deutsche Welle

UAB holds 20th Annual Banking Conference in Beirut

The Union of Arab Banks (UAB) will hold the 20th edition of…

DNE DNE

Only 2% of total individual payments paid electronically in Egypt

Electronic individual payments can increase by 20% in seven years if supported…

Hossam Mounir Hossam Mounir

Standard Chartered plans job cull on third-quarter loss

Asia and Africa-focused British lender Standard Chartered has announced massive job cuts…

Deutsche Welle Deutsche Welle

Banque du Caire increases branches, banking units to 231

Bank opened six new branches and banking units, plans to expand in…

Hossam Mounir Hossam Mounir