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

Large number of funds, little information reduces citizens’ turnout to donate: Experts

Farhet Misr Fund should be subject to supervision by Central Auditing Organization…

Shaimaa Al-Aees

Egyptian foreign reserves down more than $1.5bn, at $18.5bn

Government has to pay $250m in September as dues of bonds issued…

Doaa Farid

NBE postpones issuance of international bonds

Bank repays bonds, amounting to $600m, which it offered in August 2010

Hossam Mounir

Greek banking stocks plunge again

Greece's banking stocks have plunged for the second day in a row,…

Deutsche Welle

UK begins selling shares in RBS

The British government has begun selling its shares in the bailed-out Royal…

Deutsche Welle

Abo El-Sebaa Weaving Group searching for strategic investor to repay debts: Chairman

We hope to re-operate the group's factories with EGP 50m, but a…

Hossam Mounir

Banque du Caire delegation to participate in Suez Canal Axis inauguration

the opening ceremony is one of the largest economic events currently witnessed…

Hossam Mounir

Egypt’s foreign debt declines $2.5bn in Q3 of FY 2014/2015: CBE

Decline occurred due to global currency price decline, total foreign debt also…

Hossam Mounir

Banque du Caire targets total profits of EGP 2.7bn by end of 2015

We require financing of EGP 7bn for completion of real estate units…

Daily News Egypt

QNB Al Ahli, EBRD set $100m for SMEs in Egypt

EBRD provides QNB Al-Ahli with $40m for trade facilitation

Doaa Farid