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

Egypt sees some leading indicators to maintain economic recovery in Q4 2020: CBE

Upward movement builds on initial recovery following easing of partial lockdown measures,…

Hossam Mounir

saib Bank targets over 50% growth in retail banking portfolio during 2021

Personal loans represent 48% of bank’s total loan portfolio, while auto loans…

Hossam Mounir

Financial inclusion top priority for Housing and Development Bank: Chairperson

Bank conducts first periodic draw for 2021 on Children, Youth Savings Account…

Daily News Egypt

Financial position of banks in Egypt rises to EGP 7.158trn in January 2021: CBE

Net foreign assets increase by EGP 152.5bn over 7 months

Hossam Mounir

NBE’s Tamkeen for microfinance begins activities in Upper Egypt

Company plans to acquire number of fintech, non-banking service companies during next…

Hossam Mounir

Banks in Egypt increase capital to comply with new banking law

Law stipulates minimum capital of EGP 5bn for banks operating in Egyptian…

Hossam Mounir

Egypt provides electronic channels for pension disbursement

Move supports state's direction to transform into cashless society, increase use of…

Hossam Mounir

Banque du Caire reports EGP 3.2bn net profit in 2020

Bank overcame challenges of 2020, banking sector one of strongest sectors supporting…

Hossam Mounir

NBE provides services to clients at New Administrative Capital through mobile unit

Bank is keen to increase financial inclusion among Egypt’s youth, one of…

Hossam Mounir

HSBC, Reefy sign EGP 150m revolving facility for Egyptian women-led MSMEs

Agreement supports CBE aim to raise microbusinesses, SME sector contribution to formal…

Hossam Mounir