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

Bank’s proposals published to break deadlock of CBE’s retail banking regulations

Banks request CBE not to impose these regulations on all customers and…

Hossam Mounir

Banking sector witnesses major shift in methods of providing services

Greater reliance on technology alongside declining role of traditional branches

Hossam Mounir

Banque Misr begins activating CBE initiative to finance SMEs with 5% yield

This springs from the bank's commitment to promoting economic development and contributing…

Hossam Mounir

QNB-Alahli loan portfolio augmented to EGP 61.5bnin 2015

The bank acquired 7.82% of the total loans provided by the Egyptian…

Hossam Mounir

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