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

Daily cash withdrawal, deposit limits for individuals amended during Ramadan

Individuals can withdraw up to EGP 20,000 daily from ATMs, EGP 50,000…

Hossam Mounir

NBE raises authorised capital to EGP 100bn, paid-up capital to EGP 50bn

Bank sees significant e-banking services expansion during FY 2018/19

Hossam Mounir

CBE issues new controls on loan instalment postponement

In March, the CBE issued regulations due to the coronavirus oubtreak allowing…

Hossam Mounir

Government prepares for linking Farmer’s Card with Meeza e-payment services

ElKosayer held several meetings with the Agricultural Bank of Egypt, e-finance, and…

Daily News Egypt

BLOM Bank Egypt increases capital to EGP 3bn

Bank directs EGP 1bn of profits to capital rise

Hossam Mounir

Premium Card closes largest short-term securitisation transaction for EGP 172m

Issuance is part of a two-year EGP 2bn short-term securitisation programme

Daily News Egypt

HDB join efforts to support those affected by COVID-19

Bank is providing EGP 20m in aid to support 1,500 families

Hossam Mounir

saib coordinates EGP 750m syndicated loan for Dorra Group’s CRC

saib acted as bookrunner and agent of the deal, while the National…

Hossam Mounir

NBE maintains syndicated loan leadership in Egypt 1Q 2020: Bloomberg

Bank concludes 6 financing deals of total EGP 15.4bn

Hossam Mounir

Banks in local market move to support irregular employment

Banks make donations as follows, EGP 80m from NBE, EGP 40m from…

Hossam Mounir