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

High expectations for fixing interest rates at CBE next Thursday: Analysts

Euro’s decline and decrease in goods prices worldwide minimise effects of US…

Hossam Mounir Hossam Mounir

I-Score’s database includes over 10.1 million clients: Managing Director

92 entities use the company’s data, including 41 banks, while the CBE…

Hossam Mounir Hossam Mounir

I-Score targets EGP 43.5m profits this year

The Egyptian Credit Bureau, I-Score, targets net profits of EGP 43.5m during…

Hossam Mounir Hossam Mounir

CIB amongst best 100 Arab entities: Forbes

Forbes, the international business magazine, has included the Commercial International Bank-Egypt (CIB)…

Hossam Mounir Hossam Mounir

NBE launches first interactive teller machine in Egypt

The National Bank of Egypt (NBE) has launched the first interactive teller…

Hossam Mounir Hossam Mounir

Money pools spread to avoid interest rates on loans

Banks should offer new products and incentives suitable for low-income citizens, reconsider…

Shaimaa Al-Aees Shaimaa Al-Aees

Ministry of Finance, public banks in new disagreement

Ministry demands government banks reduce volume of retained earnings, banks believe they…

Hossam Mounir Hossam Mounir

Ministry of Finance, public banks in new disagreement

Ministry demands government banks reduce volume of retained earnings, banks believe they…

Hossam Mounir Hossam Mounir

CBE fixes US dollar, ambiguity remains over 2 previous increases

US dollar stabilises at EGP 7.7301 after it rose 20 piasters in…

Hossam Mounir Hossam Mounir

$422.9m Arab Bank Group’s net profit in first half of 2015

Loans and advances grew to reach $24.1bn, compared to $23.7bn on 30…

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