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 leads banking sector’s major role in supporting Egypt’s digital transformation efforts

Bankers, experts forecast e-payments will grow significantly in coming period

Hossam Mounir

ADIB-Egypt looks back on success in 2020 with unprecedented 10 awards

Global recognition awarded for ADIB-Egypt’s services, initiatives, innovation and customer excellence

Daily News Egypt

80% of Wealth, Personal Banking customers registered online: HSBC Bank Egypt COO

Over 2m transactions performed since January 2020, representing total value of more…

Hossam Mounir

Agricultural Bank of Egypt grants EGP 31bn in MSME loans during 2020

Bank allocates 70% of loans to agricultural SMEs, says Chairperson Alaa Farouk

Hossam Mounir

Banks to inject EGP 117bn into MSMEs until 2022 end: CBE

Banks in Egypt required to increase financing to MSMEs to 25% of…

Hossam Mounir

Suez Canal Bank’s PBT exceeds EGP 1bn in 2020

Bank pumps EGP 1.4bn into CBE's industry support initiative

Daily News Egypt

Agricultural Bank partners with Kafr El-Sheikh to support youth projects

Governorate is cooperating with ABE to set up projects in agriculture, fish,…

Hossam Mounir

Bank NPLs ratio in Egypt declines to 3.4% in September 2020: CBE

Banks set aside allocations to counter doubtful debts amounting to EGP 152.999bn

Hossam Mounir

CBE-hosted FinTech Innovation sprint launched to address COVID-19 challenges

Innovation sprint in line with Egypt’s FinTech strategy, promotes entrepreneurs and startup…

Hossam Mounir