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

CBE reveals bank performance indicators in April 2022

Total financial position of banks increases to EGP 9.626trn, with total capital…

Hossam Mounir

Al Ahli Bank of Kuwait – Egypt achieves net profit of EGP 887m in 1H 2022

Bank’s total assets grow by 8% to EGP 61.4bn in June 2022…

Daily News Egypt

Agricultural Bank of Egypt finances sugar beet farmers in Fayoum

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

Daily News Egypt

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…

Hossam Mounir

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

Hossam Mounir

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…

Hossam Mounir

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…

Hossam Mounir

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…

Hossam Mounir

Bank of England, CBE team up to fight climate crisis

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

Hossam Mounir

MIDBANK launches MID-GO to support SMEs

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

Hossam Mounir