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

ADIB-Egypt introduces innovative ‘Beat’ contactless payment device

Device to use contactless technology allowing customers to quickly, easily, and securely…

Hossam Mounir

Sustainable innovation, empowering human capital to drive Cairo’s post-COVID-19 growth: HSBC

Published on UN World Cities Day, the HSBC City Report focuses on…

Daily News Egypt

Egypt’s bank deposits increase to EGP 4.788trn in July 2020: CBE

Private businesses receive 59.8% of total bank facilities, with industry at forefront…

Hossam Mounir

FAB to resume negotiations for Bank Audi – Egypt acquisition

Bedir added that the two banks held fruitful discussions early this year,…

Daily News Egypt

ABE Chairperson explores finance schemes for agricultural projects in Toshka

Farouk said that the ABE’s field visits to inspect agricultural projects across…

Hossam Mounir

CIB awaits CBE audit report following chairperson’s resignation

Two audit firms to look into CBE report on CIB violations, should…

Alyaa Stohy

Agricultural Bank of Egypt targets 30-million customer base over 5 years

Financing programme for needy families, rural women, and craftsmen to be launched…

Hossam Mounir

Hisham Ezz Al Arab releases resignation from CIB post

On his Facebook page, Ezz Al-Arab wrote, “In my 21 years of…

Hossam Mounir

Ezz Al-Arab’s resignation from CIB: what goes on behind the scenes?

The CIB Board of Directors has unanimously decided to appoint Sherif Sami…

Hossam Mounir

CBE provides full support to CIB to preserve its financial position, deposits

A CBE statement read, “The CBE approved the decision of the CIB’s…

Hossam Mounir