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

ABE receives first batch of locally produced wheat 

Bank receives 277,000 tonnes of wheat with total value of EGP 2.8bn

Daily News Egypt

Does the dropping inflation give CBE opportunity to raise interest rates?

MPC will hold its third periodic meeting in 2023 this week to…

Hossam Mounir

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…

Daily News Egypt

HDB offers new savings certificate with 20% yield 

Minimum purchase price for new certificate is EGP 100,000

Hossam Mounir

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

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

Hossam Mounir

$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…

Hossam Mounir

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…

Daily News Egypt

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

Hossam Mounir

Banks wait for signal to include tourism in industry support initiative

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

Hossam Mounir

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…

Hossam Mounir