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

Banque Misr, NBE, Banque du Caire agree to launch $85m MEA-focused ‘Nclude” fund for fintech

Participating investment entities also include e-finance, Egyptian Banks Company, and Global Ventures

Hossam Mounir

Banks in Egypt show strong recovery indicators from COVID-19 repercussions in 2021

Net profits of banks increase to EGP 107.132bn in December, compared to…

Hossam Mounir

Why Egypt’s annual inflation jumps to 32-month high in February 2022?

CBE attributes increase in annual urban inflation to strong monthly food dynamics…

Hossam Mounir

Egypt focuses on MSMEs as they represent 98% of private sector: CBE

Egypt has 3.4 million micro-sized businesses, 2,200 medium-sized enterprises, and 217,000 small-sized…

Daily News Egypt

Egyptian remittances increase to $31.5bn in 2021

Remittances increase by 3.4% in December 2021

Hossam Mounir

CBE extends cash cover for foodstuffs until 15 March 2023

The CBE has extended the exclusion period twice in the past two…

Hossam Mounir

CBE conducts survey to find out needs of SMEs: Deputy Governor

Funding is no longer biggest challenge facing SMEs, as they need non-financial…

Hossam Mounir

33.47% deposit growth at HDB, registering highest rate among banks on EGX in 2021

Highest growth in corporate loans estimated at 36.7%, equity 25.10%, net income…

Hossam Mounir

Egypt’s external debt registers $137.4bn in September 2021: CBE

Long-term debt accounts for 91.6% ($125.9bn) of total external debt

Hossam Mounir