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

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…

Hossam Mounir Hossam Mounir

Banque Misr, EGE sign export credit insurance agreement

Banque Misr puts export finance services on top of its priorities, in…

Daily News Egypt Daily News Egypt

Egypt’s external debt decreases to $111.3bn in March 2020: CBE

Bank deposits up by EGP 84.837bn, loans rise by EGP 42.409bn

Hossam Mounir Hossam Mounir

EBE records EGP 1.103bn net profit in FY 2019/20

Bank’s loans and credit facilities reach EGP 31.297bn, while syndicated loans record…

Shaimaa Raafat Shaimaa Raafat

Bank Audi – Egypt reports EGP 1bn PBT in H1 2020

Bank’s positive indicators solidify presence in Egyptian market, support local expansion plans:…

Hossam Mounir Hossam Mounir

IDB reports 12% increase in PBT to EGP 337.79m in July 2020

Bank records 105% growth in medium-sized enterprise portfolio, 20% decline in non-performing…

Hossam Mounir Hossam Mounir

ADCB to enter Egyptian banking market with EGP 1.75trn assets

Expansion, governance, reduction of services costs are basics of ADCB's future activity…

Hossam Mounir Hossam Mounir

Emirates NBD eyes acquisition of Bank Audi Egypt alongside BLOM Bank

BLOM Bank Egypt reportedly received takeover offer from First Abu Dhabi Bank

Alyaa Stohy Alyaa Stohy

ABE pumps EGP 2bn into Egypt’s national livestock project: Chairperson

ABE has provided about EGP 120m in finance to 300 projects under…

Hossam Mounir Hossam Mounir

IDB to offer financial support to enterprises in Menoufiya

Bank will finance delivering natural gas, drinking water, sanitation, and electricity to…

Hossam Mounir Hossam Mounir