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

Banque Misr sponsors Ramadan tournament of youth centres

The bank’s contributions in social responsibility are focused on several axes that…

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Donations to charities see high demand at banks

Misr El Kheir Foundation, 57357 Hospital, Magdy Yacoub Heart Foundation acquire biggest…

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Emirates NDB provides EGP 250m loan to National Port Said Steel Company

Bank grants Suez Canal Authority $100m as part of syndicated loan to…

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NBE to issue dollar bonds in August: Soliman

Bank will negotiate with five international banks on Wednesday to promote bonds…

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ERC, KarmSolar sign contact to construct $2.5m solar station

KarmSolar company will rent ERC’s 50,000 sqm land while ERC receives 2%…

Sara Aggour Sara Aggour

Banks compete for board membership of Egyptian Federation for Mortgage Finance

First general assembly will be held, board of directors elected Thursday

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Banks invest over EGP 159bn in fixed income tools in 1 week: CBE

EGP 138.7bn invested in CBE and EGP 20.75bn in treasury bonds, treasury…

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AIBK allocates EGP 300m to mortgage finance: SME Sector Head

The bank has 420 units under financing in 10th of Ramadan City…

Shaimaa Al-Aees Shaimaa Al-Aees

CBE initiative to support tourism is only partial solution: ETF Chairman

Ministry of Tourism to support tourism investment fund with EGP 100m, of…

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

Clients must resolve problems before benefitting from CBE initiative: IDBE Chairman

Initiative allows banks to allocate an amount for new loans granted to…

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi