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

Pound’s value drops by 10 piasters against US dollar

The dollar value had been stable for around 100 days

Sara Aggour Sara Aggour

NBK-Egypt, Mortgage Finance Fund sign deal for low-income citizens

During the signing of the agreement with Head of the Mortgage Finance…

Hossam Mounir Hossam Mounir

National Bank of Egypt and EBRD launch programme for businesswomen in Egypt

The launch ceremony reviewed the financial and non-financial service packages that will…

Daily News Egypt Daily News Egypt

Ambiguity surrounds CBE governor’s fate as his term comes to close

Mohamed Barakat, Tarek Amer tipped as potential replacements for Ramez

Hossam Mounir Hossam Mounir

Letter of intent for €80m signed by CIB, French Development Agency Group

CIB and AFD aim to finance and promote climate and environment benefiting…

Hossam Mounir Hossam Mounir

QNB-Alahli acquires 7.95% of total loans, 5.62% of deposits for banks operating in Egypt

The bank’s loans-to-deposits ratio increased to 58%, compared to the 41% average…

Hossam Mounir Hossam Mounir

Banque du Caire launches product to combine advantages of insurance, savings

Clients will also be able to borrow money, and issue credit cards…

Daily News Egypt Daily News Egypt

EBRD loans NBK – Egypt $50m to finance SMEs

The loan contract was signed on Thursday by Managing Director of NBK…

Hossam Mounir Hossam Mounir

Banknote issuance increases to 13.09% of GDP in June: CBE

The rate of banknote issuance reached about 15.06% of GDP in June…

Hossam Mounir Hossam Mounir

28 banks offer to invest EGP 225.98bn of surplus liquidity in CBE deposits

The CBE raised the Deposit Operation mechanism on Monday, in order to…

Hossam Mounir Hossam Mounir