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

SANAD, Banque du Caire strengthen partnership to support MSMEs in Egypt

NEW loan of $15m bolsters funding base for important economic pillars 

Daily News Egypt

6 banks provide EGP 15.4bn to ‘Mashro’ak’ programme by end of August 2020

Upper Egypt largest beneficiary of development projects implemented, seeing 79,000 projects put…

Daily News Egypt

CIB renews environmental commitment with Amal El Araby Award for Paper and Energy Champs

Award reflects bank’s sustainability initiative designed to raise awareness and employee engagement…

Daily News Egypt

Banks to study impacts of interest rate cut on savings, loan products

Returns on some savings certificates and loans automatically dropped by 0.5% after…

Shaimaa Raafat

Egypt’s new banking law comes into force after Al-Sisi’s ratification 

Banks obliged to reconcile their conditions under its provisions within 1 year,…

Hossam Mounir

CBE reveals bank performance indicators for H1 2020

Banking sector deposits rise to about EGP 4.7trn, financial position of banks…

Hossam Mounir

State banks see limited changes to Boards of Directors

Renewal for Okasha, El-Etreby and their deputies at NBE and Banque Misr,…

Hossam Mounir

Scrapping 15% saving certificates to positively affect banks, raise profits

Suspension of these certificates will increase competition among banks in attracting household…

Hossam Mounir

CIB Celebrates One Year Since Signing the UNEP-FI’s Principles for Responsible Banking

The Bank is celebrating a year of achievements on the sustainability front…

Daily News Egypt

CBE expected to keep interest rates on hold Thursday

NBE, Banque Misr decision to halt 15% certificates and reduction of NIB…

Hossam Mounir