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

Housing and Development Bank launches new service targeting wealthy clients

Bank’s profit before tax increases 10.8% y-o-y, recording EGP 1.45bn in FY…

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Pundits expect Central Bank to keep interest rate unchanged in 6th monetary policy meeting for 2021

MPC decided, on 5 August, to maintain basic interest rates with CBE,…

Hossam Mounir Hossam Mounir

To mark Farmer’s Day, Agricultural Bank offers new facilities in ‘Bab Rizq’ microfinance programme

Bank plans to expand branch network to 2,000 branches over 5 years:…

Hossam Mounir Hossam Mounir

Mashreq Bank Egypt appoints Ragia Samir as senior vice president, marketing head

Bank opens new representative office in Shanghai, China

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Arkan Palm receives EGP 1.5bn bank finance for 1st phase of ‘205’ real estate project

Five banks partner to provide financing, including Export Development Bank of Egypt,…

Hossam Mounir Hossam Mounir

Egypt sees 1 billion electronic banking transactions worth over EGP 2.8trn in FY 2020/21: CBE

CBE initiative for electronic payment has contributed to increasing POS terminals to…

Hossam Mounir Hossam Mounir

CIB sets Guinness World Record for most viewers of financial inclusion awareness video on YouTube

Bank’s efforts to educate youth on financial inclusion culminated in creation of…

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Egypt’s special drawing rights jump by $2.646bn in August: CBE

The Central Bank of Egypt (CBE) has revealed that the balance of special drawing…

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HDB offers EGP 12.5m to finance Elsewedy Technical Academy’s 3rd branch establishment

Partnership aims to qualify strong generation of technical education graduates

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Egypt to host IsDB annual meeting for 1st time in 30 years

Egypt has succeeded in getting the approval of the Board of Governors…

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