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

Egypt’s external debt increases $7.9bn to $162.9bn in 2Q 2022/23: CBE

The Central Bank of Egypt has revealed that the North African nation’s…

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HDB offers new savings certificate with 20% yield 

Minimum purchase price for new certificate is EGP 100,000

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Most prominent BoP indicators show improvement in 1H 2022/23: CBE

This was largely attributed to the decline in the trade deficit by…

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$548m increase in Egypt’s international  reserves in 4 months: CBE

International reserves record $34.551bn in April 2023, compared to $34.003bn in December…

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4.2 million tonnes of fodder supplies worth $2bn released from ports: Minister of Agriculture

He affirmed that the release of fodder requirements is continuing in coordination…

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4 banks participate in 6th phase of lump-sum export subsidy dues payment

Banks are NBE, Banque Misr, Banque du Caire, and Export Development Bank

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Banks wait for signal to include tourism in industry support initiative

Prime Minister allocates EGP 10bn to tourism sector, bringing value of initiative…

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MIDBANK offers EGP 1bn in finance to major projects in various sectors during 2H 2022

Bank provides latest comprehensive, innovative banking services targeting various customer segments: Amani…

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3 state-run banks lead savings certificates market with record-yield vessels

Banks increased yield on savings certificates after Central Bank raised its basic…

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Financial inclusion reaches 64.8% in 2022: CBE 

42.3 million citizens own, use transactional accounts, of whom 18.3 million are…

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