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

HDB honours its corporate, syndicated loans, SME finance departments

Bank’s SME finance department achieves CBE’s objectives in this sector: Chairperson

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Al Baraka Bank Egypt records 55% growth in net profits to EGP 1.755bn in 2022

Bank’s financing, facilities increase 46% to EGP 35.4bn, deposits record EGP 74.4bn

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CIB, FMO sign $50m credit guarantee agreement to support SMEs

Agreement falls in line with CIB’s strategy for supporting SMEs, growing its…

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Islamic banking in Egypt increases to EGP 496bn in 2022

Faisal Islamic Bank leads market with turnover of EGP 151.6bn

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HSBC marks 40-year operation in Egypt with female entrepreneurship programme

HSBC Egypt CEO Todd Wilcox said: "As a bank that has supported…

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Suez Canal Bank aims to provide best electronic services in Egypt: Chairperson

We attach great importance to financing corporate and major projects, says Hussein…

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Banque Misr, Banque du Caire, Misr Insurance Holding Group, Allianz Egypt launch Real Estate Investment Fund 1

Real Estate Investment Fund 1 signed a deal to purchase commercial real…

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Finance Ministry to issue 27 tenders for treasury bills and bonds worth EGP 270bn

The ministry is expected to issue 16 bids for bills worth EGP…

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Volume of domestic liquidity in banking sector increased to EGP 7.182 trillion by end of October 2022: CBE

The volume of non-governmental deposits in local currency increased to EGP 5.254…

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ABE aims to open 4 new digital branches in cooperation with e-finance before the end of this year

Farouk indicated that the significant expansion of digital services requires continuous support…

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