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

AAIB launches Edu Invest programmes

Financing tuition fees ranges between EGP 15,000 and EGP 600,000 loan up…

Hossam Mounir

Banque Misr inaugurates new branch in Al-Ain

Chairman Eletreby and Vice Chairman Abu El Ezz inaugurate new branch in…

Daily News Egypt

Banks ordered to prioritise providing foreign exchange for vital exports

CBE demanded that local banks prioritise directing their foreign exchange liquidity to…

Hossam Mounir

Foreign exchange reserves stable in November

Foreign exchange reserves were stable in November at $16.4226bn, the Central Bank…

Hossam Mounir

Cooperation is conditional for obtaining dollars: CBE to banks

Amer's latest regulations for dollar availability act as a warning to uncommitted…

Hossam Mounir

CBE sets new regulations for dollar auctions

Banks acquisition of dollars is dependent on their efficiency in providing foreign…

Hossam Mounir

CBE issues exceptional offer to pump dollars in banks to meet import needs

Tarek Amer met with President Abdel Fattah Al-Sisi Wednesday to present his…

Hossam Mounir

Banking sector rejects value-added tax, seeks CBE’s assistance

Sources believe Amer is likely to agree to Federation of Egyptian Banks…

Hossam Mounir

6 banks exempted from applying maximum wage

Six other banks await a judicial ruling for exemption

Hossam Mounir

CBE to inject $1bn after new governor officially takes office

Last week CBE issued $1bn as part of bank’s plan to flood…

Menna Samir