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

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

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

Daily News Egypt

NBAD to hold ‘Egypt on the Rise’ conference

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

Daily News Egypt

ABK acquires Piraeus-Egypt for $150m

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

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

Global banking is HSBC’s priority in Egypt: Blanchet

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

Daily News Egypt

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

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

Daily News Egypt

CIB bank of the year ,Union National Bank Egypt the fastest growing : Business News index

NBE has most customer satisfaction, 255 companies take part in the evaluation,…

Daily News Egypt

Standard & Poor’s positive outlook on Egypt reflects well on investment: Economist

Agency raised Egypt's economic outlook from stable to positive, affirming long- and…

Menna Samir

CIB records 47% revenue increase, 38% net profit increase in Q1

Bank said growth was driven by increase in non-interest income on increased…

Doaa Farid