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

Emirates NDB provides EGP 250m loan to National Port Said Steel Company

Bank grants Suez Canal Authority $100m as part of syndicated loan to…

Daily News Egypt

NBE to issue dollar bonds in August: Soliman

Bank will negotiate with five international banks on Wednesday to promote bonds…

Daily News Egypt

ERC, KarmSolar sign contact to construct $2.5m solar station

KarmSolar company will rent ERC’s 50,000 sqm land while ERC receives 2%…

Sara Aggour

Banks compete for board membership of Egyptian Federation for Mortgage Finance

First general assembly will be held, board of directors elected Thursday

Daily News Egypt

Banks invest over EGP 159bn in fixed income tools in 1 week: CBE

EGP 138.7bn invested in CBE and EGP 20.75bn in treasury bonds, treasury…

Daily News Egypt

AIBK allocates EGP 300m to mortgage finance: SME Sector Head

The bank has 420 units under financing in 10th of Ramadan City…

Shaimaa Al-Aees

CBE initiative to support tourism is only partial solution: ETF Chairman

Ministry of Tourism to support tourism investment fund with EGP 100m, of…

Abdel Razek Al-Shuwekhi

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

2 billion people outside banking system: World Bank

International banking Financial Inclusion Summit 2015 ends in Budapest

Daily News Egypt

CBE to offer treasury bills worth $700m

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

Daily News Egypt