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

Banks explore repayment options of deferred loan instalments during COVID-19

Complete inventory is being undertaken of clients benefiting from CBE loan deferral…

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Crédit Agricole Egypt wins 2 Global Finance awards for digital banking services

The bank took home the top awards in the Best Mobile Banking…

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CBE directs banks to take appropriate measures on deferred loan instalments

Each bank must conduct careful review of existing credit facilities, and their…

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NSB records profit increase to EGP 1.427bn despite pandemic

Bank has spent EGP 960m on social solidarity projects, says NSB Vice…

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Arab central banks, monetary institutions to discuss implications of COVID-19

Fintech application and digital transformation of banking services and products are among…

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15% saving certificates increase household sector’s control of Egyptian deposits

NBE, Banque Misr saving certificates attract EGP 380bn in 6 months

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NBE signs EGP 1bn financing contract with Palm Hills

NBE Vice Chairperson Yehia Aboul Fotouh said that the contract comes in…

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Egypt’s net international reserves grow $51m in August to $38.366bn: CBE

Suez Canal revenues, tourism, exports, foreign investments, and remittances are most important…

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IDB’s SME portfolio jumps from EGP 400m to EGP 5bn over 5 years

Bank injects EGP 4.1bn to finance 330 customers under Thousand Factories initiative

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17 banks in Egypt report total EGP 18.565bn net profits in H1 2020

Fear of COVID-19 repercussions, increase in provisions for doubtful loans put pressure…

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