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

NBK-Egypt reports 62.9% YoY increase in profits

The bank recorded EGP 445.6m net profits for the first nine months…

Hossam Mounir

ABK-Egypt targets increasing capital to EGP 1bn in 2016

The bank is playing a large role in facilitating financial flows from…

Hossam Mounir

Tourism sector awaits bank approvals to grant dollar loans for replacing, renewing building operations

Loans to be received in pounds and repaid in dollars; we are…

Hossam Mounir

Recommendations given to new CBE governor in community dialogue

PwC and N Gage Consulting organised the workshop

Doaa Farid

AAIB named Egypt’s Best Green Bank for 2015

As such, AAIB is the first bank in Egypt to embrace sustainable…

Daily News Egypt

Banque du Cairo wins first place in return on capital ranking for MENA banks

These ratings continue the series of advanced places the bank achieved over…

Daily News Egypt

CBE’s new board officially takes office next Sunday

Regulating exchange market is at the top of the new board’s priorities,…

Hossam Mounir

NBE, Banque Misr collect EGP 45.4bn in 10 days from certificates

Banque du Caire attracts EGP 3.3bn and 5 banks to raise interest…

Hossam Mounir

Banque Misr launches ‘fast cash’ for savings clients

Through the fast cash service, loans are provided, with the clients’ savings…

Daily News Egypt

Presidential decree reshuffles CBE board

Gamal Negm’s position as first Deputy-Governor was renewed, Lobna Helal returns to…

Hossam Mounir