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

Financial position of banks in Egypt increases to EGP 6.676trn in August 2020: CBE

Volume of bank deposits records EGP 4.9trn, with credit facilities reaching EGP…

Hossam Mounir

COVID-19 crisis accelerates implementation of digital development plan: Crédit Agricole

Bank’s management has future of Egyptian banking sector in mind in line…

Hossam Mounir

Banque Misr arranges 10 financing operations worth EGP 86.3bn in 9M 2020

Banque Misr led a banking consortium to arrange and grant long-term co-financing…

Hossam Mounir

Agricultural Bank of Egypt explores development opportunities in Minya

Bank agrees to finance agricultural, livestock production projects, and to apply modern…

Hossam Mounir

Kuwaiti bank believes COVID-19 impacts on Egypt economy faded away

In a report, the bank said that despite the pandemic, preliminary figures…

Hossam Mounir

Banque du Caire reports EGP 2.52bn net profit in September 2020

‘We will continue to implement expansion plans without interruption as bank successfully…

Hossam Mounir

Egypt’s banking authorities move to protect sector from 2nd COVID-19 wave

Bank extends exemptions for attending banks’ board meetings until 2021 end

Hossam Mounir

Banque Misr, Al Ahly Capital acquire 40% stake in IBAG for money transfer

Mohamed El Etreby, Chairperson of Banque Misr, said that this partnership is…

Hossam Mounir

Kenya’s top lender to purchase Rwanda, Tanzania Banks

Kenyan lender said that in Rwanda, upon completion of the acquisition, the…

Xinhua

ABE to launch temporary branch south Alamein to serve 1.5m feddan project

Permanent branch in same area to be set up soon and include…

Daily News Egypt