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

Egypt provides electronic channels for pension disbursement

Move supports state's direction to transform into cashless society, increase use of…

Hossam Mounir Hossam Mounir

Banque du Caire reports EGP 3.2bn net profit in 2020

Bank overcame challenges of 2020, banking sector one of strongest sectors supporting…

Hossam Mounir Hossam Mounir

NBE provides services to clients at New Administrative Capital through mobile unit

Bank is keen to increase financial inclusion among Egypt’s youth, one of…

Hossam Mounir Hossam Mounir

HSBC, Reefy sign EGP 150m revolving facility for Egyptian women-led MSMEs

Agreement supports CBE aim to raise microbusinesses, SME sector contribution to formal…

Hossam Mounir Hossam Mounir

CBE to provide ABE additional EGP 1bn to finance livestock project

Approval from CBE raises lending portfolio for this project to EGP 3bn,…

Hossam Mounir Hossam Mounir

Egypt’s Edita Food Industries borrows EGP 90m from NBK to finance local expansion

Loan will also go towards financing necessary maintenance to ensure efficiency, quality…

Alyaa Stohy Alyaa Stohy

Agricultural Bank of Egypt expands ‘Bab Rizq’ microfinance programme to 150 branches

Programme aims to increase income, improve livelihoods in rural areas, achieve financial…

Hossam Mounir Hossam Mounir

ADIB Egypt reports EGP 1.196bn in net profit during 2020

Consolidated financial results for 2020 show positive indicators, despite negative repercussions of…

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Bank Audi Egypt to launch new internet, mobile banking applications soon

Bank is keen on improving customer banking experience, by providing more ease…

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Suez Canal Bank to increase contribution in car replacement initiative, puts SMEs finance plan

Bank’s SMEs portfolio reaches EGP 2bn, retail banking records EGP 1.2bn in…

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