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

Current interest rates depend on expected inflation rates, not prevailing ones: CBE

Achieving low, stable inflation rates in medium term prerequisite for supporting purchasing…

Hossam Mounir Hossam Mounir

CIB launches Sustaining Sectors programme to help businesses grow

CIB’s “Sustaining Sectors” programme was created as part of Bank’s ongoing mission…

Daily News Egypt Daily News Egypt

NBE raises stake in Afrexim Bank by $326.6m

This comes after Afrexim Bank invited shareholders to participate in increasing its…

Hossam Mounir Hossam Mounir

ABE, Governor of Alexandria discuss investment opportunities, inaugurate the latest branches in the governorate

This cooperation would entail supporting development projects, stimulating the production climate, and…

Daily News Egypt Daily News Egypt

Legal merger between FAB and Audi – Egypt concludes

From now on, the two banks will be treated as one legal…

Hossam Mounir Hossam Mounir

HSBC pledges EGP 1bn in loans for tech entrepreneurs

New pledge is HSBC’s third high growth SME lending proposition in 6…

Hossam Mounir Hossam Mounir

CBE to issue $540m worth treasury bills on Monday

New issuance’s proceeds will be pay off previous bid that was put…

Hossam Mounir Hossam Mounir

Suez Canal Bank achieves net profit of EGP 96m in 1Q 2022

Loan portfolio, customer facilities grow by 9%

Shaimaa Raafat Shaimaa Raafat

ABE injects EGP 1bn to stimulate agricultural, livestock investment in New Valley

The bank will not hesitate to support the state’s efforts to achieve…

Hossam Mounir Hossam Mounir