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

Blom Bank Egypt to open 5 new mini-branches in 2015: CEO

Bank considering participation in massive projects in Egypt, whether directly or through…

Shaimaa Al-Aees Shaimaa Al-Aees

NBAD managing $1.5bn bonds for Egyptian government: CEO

NBAD prepared five-year plan to promote its shares in Egypt, will play…

Shaimaa Al-Aees Shaimaa Al-Aees

Banque Du Caire grants $60m to Egyptian Electricity Holding Company

Loan is $521m in total, and will be used in launching power…

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20% expected growth in 2014-2015 revenues: Banque Misr Chairman

Bank is launching lease company and 15 new branches for Islamic services,…

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NBAD to hold ‘Egypt on the Rise’ conference

The conference aims to discuss steps needed to encourage foreign direct investments…

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ABK acquires Piraeus-Egypt for $150m

Al Ahli Bank of Kuwait acquires 98.5% of Piraeus Bank - Egypt…

Shaimaa Al-Aees Shaimaa Al-Aees

NBE’s pre-tax net profit grows 25% in 1H FY 2014/2015

The bank has pumped EGP 3.5bn into SMEs sector

Doaa Farid Doaa Farid

Global banking is HSBC’s priority in Egypt: Blanchet

HSBC launched in April its second International Growth Fund, worth EGP 300m,…

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NBE aims for 10% growth in all bank indicators: Okasha

Deposits portfolio at $11bn for foreign currencies by the end of March

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