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

HDB reports EGP 2bn in profits over FY 2019/20 despite COVID-19

Bank managed to implement strategic plan through which it seeks to be…

Hossam Mounir

AAIB grants Redcon EGP 2.7bn loan to complete Latin Quarter project at New Alamein

Financing supports bank’s realisation of vital role played by developing new cities

Hossam Mounir

Net foreign assets in Egypt banking sector up EGP 10.7bn in January: CBE

EGP 32.73bn increase in local currency deposits, foreign currency deposits rise to…

Hossam Mounir

CIB reports consolidated revenues of EGP 25.9bn, net income of EGP 10.2bn in 2020

Q4 2020 consolidated revenue of EGP 6.58bn and net income of EGP…

Hossam Mounir

Mashreq Bank Egypt sees 53% increase individual digital channel users amid COVID-19: Executive VP

Bank's online, mobile banking platform to be upgraded to modern platform focusing…

Hossam Mounir

COVID-19 crisis doubled mobile, internet banking users at Bank Audi – Egypt: CEO

Bank aims to automate some procedures to apply for loans, cards through…

Hossam Mounir

Banks would have to face winds of changes, modernize their technology infrastructure: CIB Chairperson

Future onboarding of new clients, growing customer base may be faster, less…

Alyaa Stohy

COVID-19 boosted Crédit Agricole Egypt’s digitisation plans: Walie Lotfy

Bank recorded spike in customers’ use of digital services, reaching 7 million…

Daily News Egypt

HDB adopts ambitious plan for digital transformation: Chairperson

Housing and Development Bank continues to keep pace with CBE plans, initiatives…

Hossam Mounir

ADCB Egypt prepares to launch package of digital services: CEO

Bank completes final preparations for second phase launch of internet, mobile banking…

Hossam Mounir