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

Agricultural Bank of Egypt finances sugar beet farmers in Fayoum

Bank expands in financing contract farming to raise standard of living of…

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Egypt’s current account deficit remains almost unchanged at $13.6bn in July/March FY 2021/22: CBE

Egypt's balance of payments records $7.3bn overall deficit in 9M of FY…

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EGP 516.9bn increase in non-governmental bank deposits in local currency within 6 months: CBE

Non-governmental bank deposits in local currency reach EGP 4.986trn in June 2022

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Major leap in performance of Agricultural Bank of Egypt by end of 1H 2022

More than EGP 60bn in loans, and the deposit portfolio jumped to…

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NBE, BM achieve profits of EGP 102.6bn before taxes within 18 months

The statements also indicated that NBE achieved net profits after taxes of…

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Egyptian market awaits CBE’s decision on interest rates after latest move by US Federal Reserve

MPC to hold its regular meeting on 18 August to discuss future…

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Bank of England, CBE team up to fight climate crisis

As part of a technical cooperation scheme funded by the British government,…

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MIDBANK launches MID-GO to support SMEs

Bank aims to meet CBE’s financing target of SMEs up to 25%…

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CIB records EGP 3.51bn in consolidated net income in 2Q 2022

“The CIB concluded the first half (1H) of 2022 with remarkable performance,…

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The complete Board of Directors of the Federation of Egyptian Banks

The final results of the elections resulted in the victory of Mohamed…

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