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

HDB, MasterCard sign partnership contract to expand electronic payment system

This step is an activation of HDB's strategic objectives, which aim to…

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ABE signs agreement to finance 1.5 million-feddan reclamation project

Farouk emphasized ABE's keenness to cooperate with the Ministry of Agriculture and…

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CIB – Egypt celebrates five years of sustainability reporting

Event highlights importance of Bank’s commitment to creating shared value while contributing…

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Suez Canal Bank achieves 24% growth in net profit before appropriation

Bank records 11% growth in loan portfolio in September 2020

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CBE to float $1.56bn Treasury bills

The proceeds of this issuance will be used to pay for the…

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Initial audit report had no substantial effect on CIB financial position: Chairperson

Sami stressed that CIB pays great attention to CBE notices regarding compliance…

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Banks in Egypt discuss fate of interest rates following CBE’s cut

Yield of some savings certificates, loan products automatically decreases by 0.5%, while…

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CBE expects inflation to average under 6% in Q4 2020

Interest rate cut currently provides adequate support for economic activity, consistent with…

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HDB records EGP 1.9bn in profit before tax during 9M 2020

Positive results recorded despite economic challenges, exceptional circumstances this year: Chairperson

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CBE to discuss fate of interest rate on Thursday

MPC meeting is shrouded in ambiguity regarding expected decision, as some analysts…

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