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

12 banks in Egypt report EGP 6.495bn net profits during Q1 2021

CIB accounts for 44.27% of 12-bank profits, whilst HDB ranks second with…

Hossam Mounir

Banque du Caire reports EGP 1bn in net profit in Q1 2021

Bank continues positive business results supported by ambitious plans, strategies it was…

Hossam Mounir

Egypt’s interest rates expected to remain unchanged for 5th consecutive CBE meeting

Urban inflation may rise gradually from 4.1% on an annual basis in…

Hossam Mounir

ADIB-Egypt forms tri-party cooperation to launch pre-paid ‘Khazna Meeza’ card

New card will extend mobile financial services to underserved, unbanked segments of…

Hossam Mounir

Supporting entrepreneurship, MSMEs among Central Bank of Egypt’s priorities: Sub Governor

CBE has facilitated procedures for granting finance without approved financial statements

Daily News Egypt

Egypt’s SMEs Development Agency, Banque Misr sign EGP 500m micro-enterprises finance

10,000 micro-loans will be provided across Egypt, with maximum of EGP 250,000…

Hossam Mounir

Egyptian government, banking sector take strong action to support MSMEs

National Bank of Egypt receives $100m from European Investment Bank to support…

Hossam Mounir

Afreximbank equips Banque du Caire with $200m intra-African finance

Facility is designed to finance Banque du Caire’s expansion across Africa

Hossam Mounir

Egyptian remittances increase 8.5% to $23.4bn within 9 months: CBE

11% annual increase in remittances during March 2021 only

Hossam Mounir

Egyptian Banking Institute announces cooperation with Mercer Mettl

The Egyptian Banking Institute (EBI), the training arm of the Central Bank…

Daily News Egypt