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

Agricultural Bank of Egypt explores development opportunities in Minya

Bank agrees to finance agricultural, livestock production projects, and to apply modern…

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Kuwaiti bank believes COVID-19 impacts on Egypt economy faded away

In a report, the bank said that despite the pandemic, preliminary figures…

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Banque du Caire reports EGP 2.52bn net profit in September 2020

‘We will continue to implement expansion plans without interruption as bank successfully…

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Egypt’s banking authorities move to protect sector from 2nd COVID-19 wave

Bank extends exemptions for attending banks’ board meetings until 2021 end

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Banque Misr, Al Ahly Capital acquire 40% stake in IBAG for money transfer

Mohamed El Etreby, Chairperson of Banque Misr, said that this partnership is…

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Kenya’s top lender to purchase Rwanda, Tanzania Banks

Kenyan lender said that in Rwanda, upon completion of the acquisition, the…

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ABE to launch temporary branch south Alamein to serve 1.5m feddan project

Permanent branch in same area to be set up soon and include…

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Strong FX reserves, structural reforms support Egypt against external shocks: CBE

Aboul Naga’s comments came during the opening session of the Payment, FinTech,…

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HSBC expects Egypt to build on growth momentum during 2021

Egyptian economy expected to grow by 2.5% in 2021, following 2.4% growth…

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Top 10 Egyptian market banks report EGP 14.661bn in net profits in September

QNB Alahli accounts for 38% of total profits achieved by top 10…

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