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

Local liquidity in Egyptian banking sector rises to EGP 8.787trn in November 2023: CBE

The Egyptian banking sector witnessed a surge in local liquidity, reaching EGP…

Hossam Mounir

NBE, Banque Misr offer savings certificates with returns of 23.5%, 27% on Monday

Chairperson of Banque Misr expects proceeds of new certificates to reach EGP…

Hossam Mounir

CBE updates anti-money laundering, countering terrorist financing regulations

The Central Bank of Egypt (CBE) has issued new regulations to combat…

Hossam Mounir

ABE’s loan portfolio grows by 19% to EGP 77.8bn in November 2023

Bank follows President Al-Sisi’s directives to boost agricultural sector, says Farouk

Hossam Mounir

NBE’s customer deposits exceed EGP 3.6trn in November 2023

Corporate loans reach EGP 2trn, SME financing records EGP 157.6bn

Hossam Mounir

CBE reports EGP 78bn in microfinance, receives honour from EFFMSMP

The Central Bank of Egypt (CBE) announced that its various initiatives have…

Hossam Mounir

Banque du Caire records net profits of over EGP 4.5bn in September 2023, growing by 57%

Banque du Caire posted net profits of over EGP 4.5bn in September…

Hossam Mounir

CBE introduces new guidelines to fight money laundering, terrorism financing

The Central Bank of Egypt (CBE) has issued new guidelines to fight…

Hossam Mounir

ABE offers soft loans for cattle import, milking machines

Bank’s initiative provides loans with 5% decreasing interest rate

Hossam Mounir

Banque du Caire, El Taamer agree to finance Urban Business Lane project with EGP 956m

Financing agreement complements Banque du Caire's efforts to support real estate sector:…

Hossam Mounir