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

NBE starts selling Ma’ash Bokra insurance policies on Sunday

Policies issued in cooperation with Misr Life Insurance

Hossam Mounir

Egypt’s annual core inflation on hold at 1.9% in March: CBE

The CBE added that its consumer price index (CPI) inched up to…

Daily News Egypt

CBE abolishes black lists, allows irregular customers dealings with banks

Banks given 3 months to filter databases, 12,000 companies, 320,000 citizens benefit…

Hossam Mounir

NBE reports net profits of EGP 20.2bn in FY 2018/19

The bank’s total finances increased to EGP 1.6trn in June 2019, compared…

Hossam Mounir

Banks tighten COVID-19 precautions following cases detected in some branches

CBE stresses importance of using electronic payment channels to limit virus spread

Hossam Mounir

HDB extends Hassan Ghanem’s tenure as Chairperson, Managing Director for 3 years

Bank's consolidated net after-tax profits reach record high of EGP 2.2bn in…

Hossam Mounir

FEB, CBE launche initiative to support coronavirus affected

Bank donations divided into four segments according to 2019 profits

Hossam Mounir

CBE temporarily regulates cash deposits, withdrawals

CBE sets daily limit for cash deposits, withdrawals in branches of EGP…

Hossam Mounir

Over 5 million beneficiaries for loan installments postponement: CBE

Banks reveal initiative details initiative, microloans in trouble

Daily News Egypt

Expectations of EGP depreciation against US dollar groundless: Expert

Global crises, like the coronavirus outbreak, examine the strength of Egyptian monetary…

Hossam Mounir