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

SODIC, AAIB sign partnership agreement to provide e-payment solutions

SODIC has signed a partnership agreement with the Arab African International Bank…

Daily News Egypt

Egyptian banking sector achieves EGP 45.549bn net profits in September

Top 10 banks in the Egyptian banking sector account for 65.5% of…

Hossam Mounir

Digital financial inclusion would help 63% of Arab adult population access service: AMF

AMF added that at the level of geographical regions, both Africa and…

Hossam Mounir

CIB Egypt increases individual financing to EGP 34.881bn in September 2020

The bank's syndicated loans portfolio amounted to about EGP 30.628bn in September…

Daily News Egypt

CIB reports 3Q20 consolidated revenue of EGP 6.65bn, net income of EGP 2.35bn

Bank’s loan loss provision balance records EGP 15.4bn, covering 11.5% of total…

Daily News Egypt

HSBC voted best cash management bank in Egypt, Middle East

The local recognition was complemented by other HSBC successes, with the bank…

Hossam Mounir

saib Bank launches new online services for individual customers

Atallah stressed that the increasing trend towards digital transformation and the acceleration…

Daily News Egypt

Increased inflation in November makes Egypt’s interest fate open to speculation

Central Bank of Egypt to reduce interest rates by 50-100 basis points:…

Hossam Mounir

Central Bank of Egypt extends tourism, retail loan initiatives to 2021 end

Tourism businesses welcome CBE decision, call for more flexibility in private sector…

Hossam Mounir

83% of Egypt businesses expect pre-COVID-19 profitability by 2022: HSBC Navigator

About 83% of respondents from Egypt expect to return to profitability levels…

Hossam Mounir