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

ABK acquires 98.5% of Piraeus Bank

EFSA issued the approval on Wednesday

Daily News Egypt Daily News Egypt

HDB achieves EGP 322m in profits in H1 of 2015: Vice Chairman

Loans to deposits ratio increases 51% compared to 41% average ratio of…

Hossam Mounir Hossam Mounir

HDB achieves EGP 322m in profits in H1 of 2015: Vice Chairman

Loans to deposits ratio increases 51% compared to 41% average ratio of…

Hossam Mounir Hossam Mounir

EGP 8.1bn increase in NBK-Egypt’s loans portfolio by end of June

Bank’s indicators show it succeeded in strengthening its position in the Egyptian…

Daily News Egypt Daily News Egypt

Mehleb receives export councils’ memorandum to review CBE’s policies

CBE governor does not accept requests to meet with exporters or importers,…

Shaimaa Al-Aees Shaimaa Al-Aees

CIB seeks to attract Vodafone, Etisalat to Automated Clearing House service

The Commercial International Bank-Egypt (CIB) will activate an agreement with Vodafone-Egypt and…

Hossam Mounir Hossam Mounir

NBE studies granting EGP 6bn to 32 large companies

Demands from foreign investors received, mostly from the Gulf, to fund projects…

Hossam Mounir Hossam Mounir

Lease activities in H1 of 2015 record EGP 9.9bn: EFSA head

40% of Global Lease's finances will be directed to the SMEs sector

Doaa Farid Doaa Farid

NBE gives EGP 320m to 2 construction, food companies: Corporate Banking Head

29% increase in loans to big companies in the past fiscal year,…

Hossam Mounir Hossam Mounir

Al Baraka Bank-Egypt’s financing portfolio rose to EGP 10.2bn in June

Limited bank capital may limit ability to achieve rapid growth in its…

Hossam Mounir Hossam Mounir