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

Egypt main contributor of Afreximbank with $500m

Mubarak was the only African president who encouraged the establishment of such…

Shaimaa Al-Aees Shaimaa Al-Aees

Financial inclusion in Egypt needs improvement: El-Khouly

The CBE needs to encourage greater financial inclusion, in addition to its…

Daily News Egypt Daily News Egypt

CBE conducts survey to determine financial excluded

Study aims to identify the reasons of financial exclusion, as well as…

Hossam Mounir Hossam Mounir

Egypt returned to international markets through Eurobond issuance: IMF Mission Chief

CBE policies would improve the availability of foreign exchange, strengthen competitiveness, support…

Shaimaa Al-Aees Shaimaa Al-Aees

CBE fixes its basic return rates

“The MPC decision was highly expected in light of CBE’s keenness to…

Hossam Mounir Hossam Mounir

Deutsche Bank to trim business in Russia

Germany's biggest bank has announced it would close its onshore corporate banking…

Deutsche Welle Deutsche Welle

Only 18% of residents in the Arab region deal with financial institutions: Barakat

Only 18% of the residents in the Arab region have accounts in…

Hossam Mounir Hossam Mounir

CBE studies creating guideline directory for micro-finance

The Central Bank of Egypt (CBE) is currently studying creating a guideline…

Hossam Mounir Hossam Mounir

Number of banking consumers in Egypt does not exceed 11 million: El-Etreby

The number of banking consumers in Egypt ranges between 10 million to…

Hossam Mounir Hossam Mounir

CBE to discuss future prices of basic interest rates

Unlikely for CBE to raise its interest rates on the pound, according…

Hossam Mounir Hossam Mounir