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

HSBC Egypt launches EGP 3bn ‘Foras Trade Fund’ for SMEs

Todd Wilcox, Deputy Chairperson and CEO of HSBC Egypt, said: “SMEs are…

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First Abu Dhabi Bank cooperates with CBE to complete acquisition of Bank Audi: CEO Fayed

He believes this deal will contribute to strengthening the Egyptian investment opportunities,…

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$222m increase in Egypt’s FX reserves during November 2021: CBE

Gold reserves also grow by $5m, while SDRs decline $197m

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CBE signs protocol to link ‘Nafeza’ customs platform with banking system

This step is in line with the state's direction to implement the…

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Delegation of 4 African countries visits Egypt to enforce cooperation on MSE development

Nevine Gamea, Egypt’s Minister of Trade and Industry, and Executive Director of…

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Egypt’s external debt increases to $137.9bn in June 2021: Central Bank

Long-term debt ($124.2bn) accounts for 90.1% of total external debt, whereas short-term…

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Egyptian businesses predict double-digit revenue growth: HSBC

83% of businesses expect profitability to grow in next 12 months

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NBE launches ‘B2B’ e-payment service for corporates

Bank aims to expand e-payments in line with Central Bank’s direction towards…

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Tripartite cooperation to launch FAB – Lucky Visa Platinum Credit Card

New product to facilitate issuing credit cards for customers via Lucky Egypt…

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CBE launches EGP 5.5bn initiative to finance transition to modern irrigation

Initiative targets switching 4 million feddan to modern irrigation through loans from…

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