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

saib aims to achieve 200% growth in net profit year-end: chairperson

Bank has 1.31% market share of total loans, 1.47% deposit market share:…

Hossam Mounir

Banque Misr, NBE to offer electronically saving certificates with 15% yield

To ensure safety of customers, employees, new certificates to be available only…

Hossam Mounir

CBE increases daily ATM withdrawal limits to EGP 30k, EGP 40k for individuals, companies respectively

The CBE added that issuing the prepaid cards to citizens will be…

Hossam Mounir

Remittances in Egypt reach $26.8bn in 2019: CBE

The CBE added that remittances in the second half (2H) of 2019…

Hossam Mounir

Banks stand up against Coronavirus to protect employees, clients

CIB suspends all internal activities including gatherings in large numbers, limits training…

Hossam Mounir

CBE cuts interest rate by 3% in emergency MPC meeting

CBE has taken strong measures in anticipation of possible impacts of global…

Hossam Mounir

EBI limits its training services to e-learning due to COVID-19

Total number of trainees through e-learning reached 20,000 until February 2020: EBI…

Hossam Mounir

CBE takes measures against Coronavirus, repercussions on economy

MSMEs loan installments postponed for six months without fines

Hossam Mounir

CBE reviews efforts to support e-payment, FinTech systems

CBE launches Meeza, Non-Cash Payment Law, FinTech Regulatory Sandbox, e-collection of government's…

Hossam Mounir

Dollar adds 6 pt for its value against Egyptian pound, records EGP 15.65 at end of Monday’s trading

On Monday, the official price of the dollar at the Central Bank…

Hossam Mounir