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

Presidential decree reshuffles CBE board

Gamal Negm, Lobna Helal appointed as Deputy Governors

Hossam Mounir

Redirecting the ECB’s financial firehose

A European Union advisory group representing nearly 400 business, labor and civil…

Deutsche Welle

Mashreq Bank has ambitious plan for Egyptian market: Al-Ghurair

UAE banking sector is the largest in the region with total assets…

Daily News Egypt

Egypt has high-level technological innovation, UAE leads field: UNB CEO

Middle East Banking Forum continues path towards achieving quality and excellence in…

Hossam Mounir

5 banks represent UAE in Egyptian market

Five UAE banks currently operate in the Egyptian market; Emirates NBD, the…

Hossam Mounir

UAE Banks Federation hosts third annual ME Banking Forum

The forum is held in cooperation with the Financial Times Live, and…

Hossam Mounir

NBE, Banque Misr collect EGP 28bn within 5 days, expected to increase

Both banks attracted liquidity from outside banking sector, dollar selling operations to…

Hossam Mounir

CBE to cover 25% of banks’ temporary credit facilities granted to importers in foreign currencies

Banks are obliged to deposit the amounts the will obtain with the…

Hossam Mounir

CBE maintains dollar at EGP 7.83

Dollar was devaluated by 20 piasters on Wednesday

Hossam Mounir

CBE intervenes to strengthen pound against dollar

Dollar fell in black market for hours until it suddenly stopped

Hossam Mounir