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 takes measures to reduce economic impacts of COVID-19

We moved quickly to preserve economic gains since launch of national economic…

Hossam Mounir

NBE achieves unprecedented EGP 300bn deposits boom

Significant increase,  brings bank’s deposit portfolio to EGP 1.5trn

Daily News Egypt

Suez Canal Bank sells stake in MIDOR for $30.6m

The Suez Canal Bank had owned a total of 560,000 shares, representing…

Daily News Egypt

CBE’s Monetary Policy Committee convenes to decide on interest rates

Maintaining local currency attractive amid economic uncertainty due to Covid-19 crisis suggests…

Hossam Mounir

Banque du Caire, EIB sign $100m loan agreement to finance SMEs

Fayed also emphasised that Banque du Caire’s keenness to boost and diversify…

Daily News Egypt

CIB commits $7m to test kits, support families impacted by COVID-19

The CIB contribution will also be dispersed to the National Emergency and…

Hossam Mounir

CBE reveals February 2020 data for banks operating in Egypt

Financial position of banks operating in local market touches EGP 6trn, deposits…

Hossam Mounir

Digital banking on the rise owning to coronavirus push

Allowing self-registration for e-wallet services contributes to speeding up digital transformation of…

Hossam Mounir

Egypt’s NIR decline to $37bn in April: CBE

Bank honours all of its external obligations amounting to around $1.6bn

Daily News Egypt

NBE leads banking consortium to provide €30m syndicated loan to MidElec

Hisham Okasha, Chairperson of NBE, said the arrangement of this loan comes…

Hossam Mounir