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

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

2 billion people outside banking system: World Bank

International banking Financial Inclusion Summit 2015 ends in Budapest

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CBE to offer treasury bills worth $700m

CBE will allow local banks and foreign institutions to subscribe to the…

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Falcon secures 22 banks, acquires 54% of Egypt’s private guard service market: Executive Director

Falcon Group held a press conference last week, where it presented its…

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United Bank donates 30 medical devices to Ain Shams University Hospital

Ashmawy added that since the United Bank founded the administration, called Eithar,…

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Banque Du Caire funds purchase of 1,000 cars in 1 month

Banque Du Caire has launched new fund programmes, such as the used…

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Banque Misr provides EGP 1.75bn share in EEHC loan: Bank chairman

Loan will be directed to pay part of EGPC’s dues

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CBE to fix deposit, loan interest rates

Financial Policy Committee has fears over growth rates with the deflation of…

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CIB acquires Citibank Egypt’s retail portfolio

Citibank’s individual clients amount to 600,000, with funding portfolio of EGP 1.7bn

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$35bn in Egyptian black market: CBE Governor

$2bn for Egyptian maize imports in 2014, says Ramez

Shaimaa Al-Aees Shaimaa Al-Aees