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

China slashes interest rates to back economy

China's central bank has once again cut interest rates and lowered the…

Deutsche Welle

Sudan urges Egyptian investments in gold extraction sector: CBOS Deputy Governor

Egypt is afraid to do business in Sudan, despite the latter having…

Shaimaa Al-Aees

Ruble follows oil price down

Russia's currency has dropped considerably along with the price of crude oil.…

Deutsche Welle

Self-financing is the way to develop Africa: Ghana Vice President

There are many agreements between African countries to develop economies, but they…

Shaimaa Al-Aees

ABK acquires 98.5% of Piraeus Bank

EFSA issued the approval on Wednesday

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

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

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

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

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