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 fixes dollar price against pound in first tender after Ramez’s resignation

The CBE offered a third tender to sell dollars to banks operating…

Hossam Mounir Hossam Mounir

French bank fined for violating US sanctions

French bank Credit Agricole has reportedly made a deal with US investigators…

Deutsche Welle Deutsche Welle

Dollar stabilises after increasing by 20 piasters in 2 days

Market awaits CBE's next step; analysts believe July's stability will be repeated

Hossam Mounir Hossam Mounir

Major shake-up at troubled Deutsche Bank

Just ten days after warning of huge upcoming losses, Germany's largest lender,…

Deutsche Welle Deutsche Welle

Deutsche Bank plans sweeping restructure

German lending giant Deutsche Bank has announced a top-level streamlining of its…

Deutsche Welle Deutsche Welle

Dollar price to break EGP 8 barrier in banks for first time

Price reaches EGP 8.40 in black market, which is in complete paralysis…

Hossam Mounir Hossam Mounir

Pound depreciation has limited impact on budget deficit: Economists

Government forecasts on the deficit will not be achieved and will jump…

Mohamed Ayyad Mohamed Ayyad

Banque Misr considers financing major sectors with EGP 43.5

Bloomberg awards the bank for being the best in marketing joint loans…

Hossam Mounir Hossam Mounir

More than EGP 39bn increase in volume of deposits in July: CBE

Banks support their allocations to meet doubtful loans and reduce its investments…

Hossam Mounir Hossam Mounir

Dollar rise amplifies prices of basic items

CBE decisions are against the interest of citizens, says head of Citizens…

Doaa Farid Doaa Farid