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

Financial position of banks in Egypt increases to EGP 7.55trn in March 2021: CBE

Net foreign assets at banking system rise by EGP 155.3bn in 9…

Hossam Mounir Hossam Mounir

Egypt’s gold reserves climb $281m in May: CBE

Net international reserves increase to $40.468bn in May

Hossam Mounir Hossam Mounir

Bank Audi Egypt CEO steps down, Bank ABC chief to leave within days

Sources indicated that Bedir is currently choosing between several offers from other…

Hossam Mounir Hossam Mounir

Faisal Islamic Bank increases large, medium company financing to EGP 10.5bn in March

Bank’s financing for micro enterprises records about EGP 17.046m

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Suez Canal Bank pumps EGP 1.33bn in financing to individuals in March 2021

Customer deposits at bank reach EGP 45.887bn in March 2021

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Crédit Agricole to discuss increasing issued capital to EGP 5bn in June

Increase to be financed through EGP 3.627bn of retained earnings, EGP 63.18m…

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Agricultural Bank of Egypt’s loan portfolio reaches EGP 46.37bn in April: Chairperson

Deposits up EGP 15bn from March 2020 through April 2021

Hossam Mounir Hossam Mounir

CIB net income rises 20% to record EGP 2.87bn in Q1 2021

Bank started 2021 on positive year following year marked by exceptional challenges…

Hossam Mounir Hossam Mounir

ALEXBANK hosts webinar on Suez Canal’s Pivotal Role in Mediterranean, Global Maritime Economy

Bank cooperated with Italian company SRM since 2015 to analyse actual performance…

Hossam Mounir Hossam Mounir

4 banks acquire 90% of Islamic banking in Egyptian market

Faisal Islamic Bank of Egypt ranked first with EGP 119bn turnover in…

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