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

NBE receives $108bn inflows since exchange rate liberalisation: Vice Chairperson

Aboul Fotouh told Daily News Egypt that the NBE has opened documentary…

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CBE to launch €690m worth T-bill tender on Monday

The proceeds of the issuance will be used to pay the value…

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After 4 years, Egypt’s exchange rate liberalisation proves its economic boon

Egypt sees $400bn in foreign exchange flows since decision enforced in November…

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Egypt’s net international reserves up $795m in October to $39.22bn: CBE

Egypt’s international reserves consist of foreign currencies (FX), gold, special drawing rights…

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HDB takes part in EGP 650m syndicated loan to finance Borg El-Arab pharmaceutical plant

The alliance also includes the Export Development Bank of Egypt (EBE), Egyptian…

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Net foreign assets of Egypt’s banking sector up EGP 51.958bn in September

This came in addition to the decrease in the volume of foreign…

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Finance Ministry to issue EGP 196.5bn worth T-bill, bond tenders in November

The offering comprises 16 tenders for T-bills worth EGP 158bn, and 10…

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ADIB-Egypt introduces innovative ‘Beat’ contactless payment device

Device to use contactless technology allowing customers to quickly, easily, and securely…

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Sustainable innovation, empowering human capital to drive Cairo’s post-COVID-19 growth: HSBC

Published on UN World Cities Day, the HSBC City Report focuses on…

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Egypt’s bank deposits increase to EGP 4.788trn in July 2020: CBE

Private businesses receive 59.8% of total bank facilities, with industry at forefront…

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