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

‘Khazna’ obtains CBE’s approval to launch prepaid card in partnership with ADIB

Khazna card allows money withdrawal and deposit, online payment, and payroll.

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CBE releases core set of financial inclusion indicators

36.8m citizens own transactional accounts, including 16m women

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Egypt looks forward to US Export-Import Bank providing low-cost finance for green projects: Finance Minister

Cairo targets increasing joint cooperation with EXIM Bank in financing development projects,…

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CIB – Egypt reports 1Q 2022 consolidated net income of EGP 4.24bn

In a statement, the bank’s management commented that “1Q 2022 ended on…

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Bank deposits increase to EGP 6.549trn in January 2022: CBE

Credit facilities increase by EGP 257.6bn in 7 months, reaching EGP 3.161trn

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Central Bank of Egypt reveals reasons for high inflation in March 2022

Annual urban inflation jumps to 10.5% in March 2022, marking highest rate…

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ABE completes preparations ahead of wheat harvest season

The bank is also facilitating supply operations from farmers and receiving all…

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CBE includes medical professions in initiative for small projects, at an interest rate of 5%

The CBE also emphasised the role of banks in providing electronic payment…

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Credit Agricole’s business strategy comes into line with Egypt’s objectives: Deputy Managing Director

Bank mainly directs financing toward sectors that Egypt seeks to develop, is…

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Crédit Agricole Egypt inaugurates new branch in Palm Strip Mall

CAE selected the new branch’s location after conducting a geo-market study to…

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