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

CIB amongst best 100 Arab entities: Forbes

Forbes, the international business magazine, has included the Commercial International Bank-Egypt (CIB)…

Hossam Mounir

NBE launches first interactive teller machine in Egypt

The National Bank of Egypt (NBE) has launched the first interactive teller…

Hossam Mounir

Money pools spread to avoid interest rates on loans

Banks should offer new products and incentives suitable for low-income citizens, reconsider…

Shaimaa Al-Aees

Ministry of Finance, public banks in new disagreement

Ministry demands government banks reduce volume of retained earnings, banks believe they…

Hossam Mounir

Ministry of Finance, public banks in new disagreement

Ministry demands government banks reduce volume of retained earnings, banks believe they…

Hossam Mounir

CBE fixes US dollar, ambiguity remains over 2 previous increases

US dollar stabilises at EGP 7.7301 after it rose 20 piasters in…

Hossam Mounir

$422.9m Arab Bank Group’s net profit in first half of 2015

Loans and advances grew to reach $24.1bn, compared to $23.7bn on 30…

Daily News Egypt

Market awaits US dollar’s trend at start of working week

Expectations of new rises in US currency’s price against Egyptian pound

Hossam Mounir

Banque du Caire launches charity convoy for third consecutive year

Banque du Caire has continued its organisation of the charities convoy launched…

Daily News Egypt

3 banks arrange syndicated loan of EGP 1.3bn for Evergrow

List includes AAIB, National Bank of Egypt and Abu Dhabi Islamic bank

Daily News Egypt