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

Bank Audi-Egypt considers granting loans worth more than EGP 7bn: Fayed

Plans to increase bank's share in Egyptian market and open 7 new…

Hossam Mounir Hossam Mounir

Banque Misr completes requirement steps of FATCA

The bank added that its branches in both the UAE and France…

Hossam Mounir Hossam Mounir

Will banks fund state budget deficit or development projects?

The CBE could help banks do both if provided with sufficient liquidity,…

Hossam Mounir Hossam Mounir

Banks are ready to finance development projects: Metwally

Optimism about future is based on existence of determined administration to change…

Hossam Mounir Hossam Mounir

Global Lease in talks with 4 banks to acquire EGP 600m: Managing Director

Plans to double issued capital to EGP 100m by H1 of 2016

Hossam Mounir Hossam Mounir

Investment returns in Egypt is among highest worldwide: ABC-Egypt CEO

 Egyptian economy is on the right track, invest now before you miss…

Hossam Mounir Hossam Mounir

CBE’s policies limiting hard currency cash deposits leads to disaster: Exporters, importers

There is large exit for local investments from market because of production…

Shaimaa Al-Aees Shaimaa Al-Aees

Egyptian economy critical, but optimism is possible through hard work: Fayed

EGP 400bn-EGP 500bn in banks ready to be loaned, our role begins…

Hossam Mounir Hossam Mounir

We now have a clear vision for Egypt’s economic direction: NBE Chairman

All indications confirm we have free economy that takes social justice into…

Hossam Mounir Hossam Mounir

New Suez Canal will positively impact Egyptian, global economy: UAB

The project aims to develop the canal as a waterway and increase…

Hossam Mounir Hossam Mounir