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

NSB defers loan repayments for 6 months under CBE’s initiative

Vice Chairperson and CEO of NSB Sharif Farouk denied what was reported…

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EGP 6.2bn worth of 15% certificates sold by NBE, Banque Misr on first day

80% of NBE’s certificate sales took place online

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Banks implement CBE’s initiative delaying loan instalments for individuals, companies

CBE included microfinance sector in the initiative on Monday

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El-Etreby tapped as FEB Chairperson for three-year term

Okasha as deputy chairperson, Abaza as treasurer

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Initiative to postpone loan installments for 6 months applies to regular, irregular individuals, institutions: CBE

Initiative includes clients of financial leasing, real estate, factories , SMEs, personal…

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saib aims to achieve 200% growth in net profit year-end: chairperson

Bank has 1.31% market share of total loans, 1.47% deposit market share:…

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Banque Misr, NBE to offer electronically saving certificates with 15% yield

To ensure safety of customers, employees, new certificates to be available only…

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CBE increases daily ATM withdrawal limits to EGP 30k, EGP 40k for individuals, companies respectively

The CBE added that issuing the prepaid cards to citizens will be…

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Remittances in Egypt reach $26.8bn in 2019: CBE

The CBE added that remittances in the second half (2H) of 2019…

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Banks stand up against Coronavirus to protect employees, clients

CIB suspends all internal activities including gatherings in large numbers, limits training…

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