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

CBE amends 2 initiatives supporting Egypt’s tourism industry

Initiatives aimed at financing replacement, renewal of hotels and transport fleets, payment…

Hossam Mounir

Egypt’s annual headline urban inflation declines to 4.1% in April 2021: CBE

Monthly headline urban inflation registers 0.9% in April 2021

Hossam Mounir

Financial position of banks in Egypt increases to EGP 7.3trn in February: CBE

Foreign investments in Egypt’s T-bills amount to EGP 313.68bn in March 2021

Hossam Mounir

National Bank of Egypt to finance 1.5-million-feddan reclamation project beneficiaries

Bank records EGP 14.6bn in agricultural loans given to 34,000 projects

Hossam Mounir

CIB receives 1st Gender Equity Seal in MENA region, co-chairs Egypt’s Closing Gender Gap Accelerator

The certification is guided by the World Bank’s Gender Equity Model, which…

Daily News Egypt

Egypt sees EGP 104.191bn increase in local currency bank deposits during March 2021: CBE

Foreign currency deposits see stability, while volume of foreign assets at CBE…

Hossam Mounir

CBE to review interest rates amid strong expectations of no change

Bank maintains, on 18 March, its basic interest rates for third consecutive…

Hossam Mounir

Egypt’s external debt up $1.8bn to $125.3bn in September 2020: CBE

Long-term debt accounts for 90.2% or $113.0bn of total external debt

Hossam Mounir

CBE approves 3rd edition rules for mobile wallet payment services

Transactions made through mobile wallets in 2020 reach EGP 100bn, according toCBE

Hossam Mounir