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

ADIB-Egypt forms tri-party cooperation to launch pre-paid ‘Khazna Meeza’ card

New card will extend mobile financial services to underserved, unbanked segments of…

Hossam Mounir

Supporting entrepreneurship, MSMEs among Central Bank of Egypt’s priorities: Sub Governor

CBE has facilitated procedures for granting finance without approved financial statements

Daily News Egypt

Egypt’s SMEs Development Agency, Banque Misr sign EGP 500m micro-enterprises finance

10,000 micro-loans will be provided across Egypt, with maximum of EGP 250,000…

Hossam Mounir

Egyptian government, banking sector take strong action to support MSMEs

National Bank of Egypt receives $100m from European Investment Bank to support…

Hossam Mounir

Afreximbank equips Banque du Caire with $200m intra-African finance

Facility is designed to finance Banque du Caire’s expansion across Africa

Hossam Mounir

Egyptian remittances increase 8.5% to $23.4bn within 9 months: CBE

11% annual increase in remittances during March 2021 only

Hossam Mounir

Egyptian Banking Institute announces cooperation with Mercer Mettl

The Egyptian Banking Institute (EBI), the training arm of the Central Bank…

Daily News Egypt

Central Bank of Egypt receives 24 bids worth $540.6m for T-bills in US dollars

Proceeds of this tender will be used to pay for previous tender…

Hossam Mounir

Banque Misr named fastest growing, CIB most efficient & bank of year: Business News

NBE tops technology index and top spender on social responsibility

Daily News Egypt

Housing and Development Bank reports 13.7% profit growth in Q1 2021

Good results come due to clear development strategy through which HDB seeks…

Hossam El-Din Talaat