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

Egypt becomes focus of world’s attention, promising market for investments: Banque Misr Chairman

New Suez Canal Project amazed the world by funding and implementation in…

Hossam Mounir

Egyptian market is full of unique investment opportunities: Barclays Vice President of Marketing  

These opportunities lose their value if they are not utilised, promoted for…

Daily News Egypt

Egypt needs giant projects to move economy, push growth rates: Bankers

We need projects that achieve Egyptians' dream of a better life, says…

Hossam Mounir

$3.7bn surplus in balance of payments for FY 2014/2015: CBE

FDI in Egypt increased to $6.4bn the past FY

Hossam Mounir

Outstanding balance of treasury bonds at EGP 614.19bn by end of August: Ministry of Finance

According to the Ministry of Finance, the balances of the second type…

Hossam Mounir

ECB President Mario Draghi drops hints of more stimulus to come

The European Central Bank has held its first meeting since Chinese markets…

Deutsche Welle

Argentina orders HSBC to replace country chief

Argentina's central bank is cracking down on the banking giant HSBC amid…

Deutsche Welle

United Bank-Egypt appoints new acting chairman until end of 2015

Ashmawy concluded his work at the bank on Monday after nine years…

Hossam Mounir

Barclays profits up 15% in H1 of 2015

Assets inched up 3% to total EGP 18.5bn, while expenses surged to…

Sara Aggour

CBE approves CIB’s acquisition of Citibank retail portfolio

The Central Bank of Egypt (CBE) approved, on Tuesday, the Commercial International…

Hossam Mounir