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

CBE, EFSA cooperate for financial education programme

The proportion of Egyptians dealing with banks is 10%, says EBI executive…

Shaimaa Al-Aees

Piraeus Egypt has highest retail banking portfolio growth for 2014

The slowdown rate in Piraeus Bank-Egypt’s credit portfolio has declined, according to…

Daily News Egypt

33 killed after 2 tourist buses collide in Sinai

Prosecution team has moved to the scene to find out the reason…

Daily News Egypt

Foreign reserves fall $200m

International foreign currency reserves record $17.28bn in May, down from $17.48bn in…

Doaa Farid

AFDB approves $50m CIB risk participation agreement

Agreement aids in addressing critical market demand for trade finance in Africa,…

Sara Aggour

World Bank watches unfolding of political situation with great concern: Bank president

World Bank has helped finance several projects in various sectors during the…

Sara Aggour

CBE leaves key overnight rates on hold

Reuters - Egypt's central bank kept its official interest rates on hold as expected…

Daily News Egypt

Qatar’s Masraf Al Rayan buys Islamic Bank of Britain

Reuters - Masraf Al Rayan, Qatar's largest sharia-compliant bank by market value, said on…

Daily News Egypt

Egypt Pound Strengthens Slightly At Forex Auction

The central bank sold $38.4 million to banks at the auction, with…

Daily News Egypt

Banks resume working amid unrest

Banks returned to working normally starting Sunday for only three hours a…

Daily News Egypt