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 du Caire announces EGP 2.1bn profits in FY 2014/2015: Chairman

The bank’s net profit after taxes amounted to approximately EGP 1.3bn by…

Hossam Mounir

Al-Ahli Bank of Kuwait-Egypt’s commercial name to be launched end of 2015: Accad

Bank is continuing efforts to finalise procedures of its acquisition of Piraeus…

Hossam Mounir

CBE denies orders to reduce dealing with lawyers, judges, police officers, journalists

Banks offer services to all citizens without discrimination or favour, says CBE

Sara Aggour

9 banks offer self-query service, receive related complaints

Nine banks working in the local market, in cooperation with the Egyptian…

Hossam Mounir

Customers have right to check validity of their credit records: I-Score

Individuals, as well as small and medium enterprises, can check the validity…

Hossam Mounir

Clients have right to object to credit reports: I-Score Managing Director

Clients have the right to raise complaints to object to the incorrect…

Hossam Mounir

25 banks contribute to I-Score’s capital alongside the SFD

Banks in the Egyptian market are contributing to I-Score alongside the Social…

Hossam Mounir

High expectations for fixing interest rates at CBE next Thursday: Analysts

Euro’s decline and decrease in goods prices worldwide minimise effects of US…

Hossam Mounir

I-Score’s database includes over 10.1 million clients: Managing Director

92 entities use the company’s data, including 41 banks, while the CBE…

Hossam Mounir

I-Score targets EGP 43.5m profits this year

The Egyptian Credit Bureau, I-Score, targets net profits of EGP 43.5m during…

Hossam Mounir