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

Digital banking transactions through CIB’s Mobile Banking jump to EGP 53bn in 2020

CIB presents 2020 digital transformation results amid COVID-19

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Egyptian Arab Land Bank seeks partnerships with real estate developers to utilise assets: Chairperson

Bank’s SMEs, retail banking portfolios increase to EGP 5.8bn, EGP 1.9bn respectively

Hossam Mounir Hossam Mounir

CIB, City Edge sign cooperation protocol providing EGP 1bn for housing units

Bank to provide payment facilities to City Edge customers, mainly mortgage finance…

Hossam Mounir Hossam Mounir

Agricultural Bank of Egypt to settle EGP 6.3bn in bad debt for 238,000 farmers

Initiative includes EGP 3.9bn for principal debt and EGP 2.4bn for accumulated…

Hossam Mounir Hossam Mounir

National Bank of Egypt records EGP 1.8trn deposits, EGP 866bn loans in 2020

Bank’s customer base rises to 15.4 million, of whom 5.4 million subscribers…

Hossam Mounir Hossam Mounir

HSBC launches Sustainable, Transition Finance Team in Middle East

Team will help institutions, corporates, and individuals’ transition to more sustainable economy

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Abu Dhabi Commercial Bank – Egypt achieves 14% net profit growth in 2020

Bank eyes continued expansion in Egyptian market, targeting 25% growth rate by…

Hossam Mounir Hossam Mounir

EIB, Banque Misr sign €425m worth credit line agreement to finance SMEs

This agreement represents first tranche of €750m agreed upon earlier

Hossam Mounir Hossam Mounir

First Abu Dhabi Bank fully acquires Bank Audi’s Egypt operations

Transaction is expected to be completed within next few months

Hossam Mounir Hossam Mounir

CIB Sustainability Reporting Award recipients attend GRI Certified Training Workshop

Award launched in celebration of the bank’s five years of sustainability reporting

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