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

Crédit Agricole Egypt inaugurates new branch in Palm Strip Mall

CAE selected the new branch’s location after conducting a geo-market study to…

Hossam Mounir

USD/EGP average exchange barely moves to EGP 18.27 for purchase, EGP 18.37 for sale

USD price at CBE rises to EGP 18.25 for purchase, EGP 18.39…

Hossam Mounir

ITS discusses regulatory framework for cybersecurity in banking sector

The conference also discussed ways of cooperating with banks to provide all…

Mohamed Alaa El-Din

ABE announces increase in agricultural credit categories by 25%

Bank pumps nearly EGP 12bn to finance agricultural loans from mid-June 2020…

Hossam Mounir

CBE launches several initiatives for women’s financial inclusion, empowerment since 2016

It also provided women with the necessary funding to help them implement…

Hossam Mounir

CBE raises interest rate by 1% in exceptional meeting, Egyptian pound declines significantly

The CBE believes in the importance of exchange rate resilience to absorb…

Hossam Mounir

US dollar exchange increases EGP 1.75 against backdrop of interest rise

Greenback records EGP 17.4 for purchase and EGP 17.5 for sale at…

Daily News Egypt

NBE, Banque Misr offer one-year 18% saving certificates

Yehia Abou El-Fotouh, Vice Chairperson of the NBE, said the bank’s new…

Hossam Mounir

Egypt’s Monetary Policy Committee increases key policy rates by 1% in extraordinary meeting

Objective of raising policy rates is to anchor inflation expectations, contain effects…

Hossam Mounir