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

FAB to resume negotiations for Bank Audi – Egypt acquisition

Bedir added that the two banks held fruitful discussions early this year,…

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ABE Chairperson explores finance schemes for agricultural projects in Toshka

Farouk said that the ABE’s field visits to inspect agricultural projects across…

Hossam Mounir Hossam Mounir

CIB awaits CBE audit report following chairperson’s resignation

Two audit firms to look into CBE report on CIB violations, should…

Alyaa Stohy Alyaa Stohy

Agricultural Bank of Egypt targets 30-million customer base over 5 years

Financing programme for needy families, rural women, and craftsmen to be launched…

Hossam Mounir Hossam Mounir

Hisham Ezz Al Arab releases resignation from CIB post

On his Facebook page, Ezz Al-Arab wrote, “In my 21 years of…

Hossam Mounir Hossam Mounir

Ezz Al-Arab’s resignation from CIB: what goes on behind the scenes?

The CIB Board of Directors has unanimously decided to appoint Sherif Sami…

Hossam Mounir Hossam Mounir

CBE provides full support to CIB to preserve its financial position, deposits

A CBE statement read, “The CBE approved the decision of the CIB’s…

Hossam Mounir Hossam Mounir

CIB appoints Sherif Samy as non-executive chairperson plegdes corrective actions

Samy says CIB top priority is to continue enhancing franchise and its…

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Financial position of banks in Egypt up EGP 96.9bn in July 2020: CBE

Volume of doubtful debts allocations amounts to EGP 150.877bn, reserves amount to…

Hossam Mounir Hossam Mounir

Bank customers granted limited period free account opening facilities to mark International Savings Day

Since Thursday, banks have granted customers the ability to open savings accounts…

Hossam Mounir Hossam Mounir