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

Ending state of emergency in Egypt to attract more FDIs, improve credit rating: Banking leaders

On Monday evening, Al-Sisi announced ending the extension of the state of…

Hossam Mounir

ADIB Egypt launches digital consumer financing arm

Egyptian Financial Regulatory Authority grants ADI- Consumer Finance operating license

Hossam Mounir

Financial position of banks in Egypt rises to EGP 8trn in end July: CBE

Deposits amount to EGP 5.837trn, credit facilities record EGP 2.855trn

Hossam Mounir

Agricultural Bank of Egypt aims to reach 35 million customers with its services: Farouk

ABE to complete development of 1,000 branches nationwide by late 2022

Hossam Mounir

Central Bank of Egypt reveals reasons behind high inflation in September

This comes as monthly headline urban inflation recorded 1.1% in September compared…

Hossam Mounir

Technological structure in Egypt meets needs of digital banks: Stakeholders

Digital banks provides services with ease: Sherif El Behiry

Hossam Mounir

National Bank of Egypt offers EGP 3.9bn in debt help for 45 defaulting businesses

59 factories re-operate with proper production capacity to compensate losses: NBE Chairperson

Hossam Mounir

Credit Agricole Egypt allocates EGP 200m to finance medical sector

In an official ceremony, UltraTeb was launched as the first electronic platform…

Hossam Mounir

MSMEDA pumps EGP 36bn to finance 1.4 million small, micro projects within 7 years

MSMEDA provides marketing services free of charge to small projects during Turathna…

Hossam Mounir

HSBC Egypt launches Evolve to facilitate FX trading for corporate clients

HSBC Evolve gives corporate clients ability to perform wide range of trading…

Hossam Mounir