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

United Bank seeks new, strong banking entity: Abdel Hamed

The bank aims to finalise bad debts portfolio, spread its branches and…

Hossam Mounir Hossam Mounir

Banque Misr achieves new milestone in electronic payments

Banque Misr allows companies to pay their due payments to the government…

Daily News Egypt Daily News Egypt

Vital incentives to encourage foreigners to invest in governmental debt instruments: El-Kosayer

According to CBE, foreign investors were the second largest investors in Egyptian…

Hossam Mounir Hossam Mounir

Government plans to borrow EGP 281.5bn from banks in coming 3 months

Finance ministry to issue treasury bills worth EGP 199.5bn, bonds worth EGP…

Hossam Mounir Hossam Mounir

Foreign investments in Egyptian treasury bills amount to EGP 500m in June 2015: CBE

Foreign investment in government debt instruments is too little compared to before…

Hossam Mounir Hossam Mounir

24.4% increase in banks’ net value added in FY 2013/2014: CAPMAS

81% decline in banks’ value of savings during FY 2013/2014

Shaimaa Al-Aees Shaimaa Al-Aees

Private sector acquires 61.9% of commercial credit facilities: CBE

The total facilities granted to the government by banks until the end…

Hossam Mounir Hossam Mounir

Banque Misr provides EGP 500m bridge loan to GASC until EGP 2bn loan is finalised

21% increase in loans and bank deposits until end of June 2015,…

Hossam Mounir Hossam Mounir

FEB spreads banking awareness among students: El-Etreby

El-Etreby added that the FEB has adopted an initiative under the name…

Hossam Mounir Hossam Mounir

CBE governor, FEI representatives discuss industry problems

This year is the one most challenging years for monetary policy, says…

Sara Aggour Sara Aggour