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

CBE keeps interest on EGP in latest meeting of MPC in Ramez’s time

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…

Hossam Mounir Hossam Mounir

Deutsche Bank cuts thousands of jobs as it posts historic loss

Germany's biggest lender has posted a historic loss as the bank continues…

Deutsche Welle Deutsche Welle

CBE will discuss future of interest rate on EGP

According to analysts, MPC is highly expected to keep the major interest…

Hossam Mounir Hossam Mounir

EGP 20.89bn in net profit in Egyptian market in June: CBE

Report shows results of different local and international operations throughout banks

Hossam Mounir Hossam Mounir

Credit cards increase to 2.575 million by end of June: CBE

16.242m debit cards issued by banks operating in Egyptian market until mid-2015…

Hossam Mounir Hossam Mounir

Amer: CBE’s 13th governor

The Central Bank law No. 88 for 2003 provides in article 10…

Hossam Mounir Hossam Mounir

New CBE governor must balance between inflation, exchange rate, interest rates: Expert

The Egyptian pound will not rise because of a new governor, says…

Hossam Mounir Hossam Mounir

Will Amer change Ramez’s monetary policy and exchange market management?

Analysts expect the new governor to amend some of Ramez's decisions

Daily News Egypt Daily News Egypt

China announces further stimulus amid slump

The People's Bank of China has cut interest rates for the sixth…

Deutsche Welle Deutsche Welle

I requested to leave CBE 3 months ago: Ramez

Former governor of the Central Bank of Egypt (CBE) Hisham Ramez said…

Hossam Mounir Hossam Mounir