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

CIB aims to raise EGP 15bn to finance expansion

CIB’s consolidated net income grows by 23% to EGP 11.8bn in 2019,…

Mohamed Samir

Technology main player in financial inclusion: Hisham Tawfik

NBE, Misr Life Insurance jointly launch ‘Tomorrow Pension’ bank insurance product

Hossam Mounir

CIB deploys digital solutions to revolutionise banking sector

Bank aims to teach younger generation how to manage their money, grow…

Hossam Mounir

CIB named constituent of 2020 Bloomberg Gender Equality Index

The bank is the only Egyptian institution to be included among the…

Daily News Egypt

Renewing SME initiative for another 4 years: CBE’s Amer

Banks pumped EGP 160bn to finance 86,000 small, medium enterprises

Hossam Mounir

Capital flows return to emerging markets in September after August exit: CBE

Direction of capital movement remains dependent on future outlook of economic activity…

Hossam Mounir

Foreign investments in Egypt’s T-Bills rise to EGP 254.30bn December 2019

Increase of total outstanding balances of T-Bills to EGP 1.512trn 2019-end

Hossam Mounir

Banks’ credit facilities reach EGP 1.84trn November 2019

Private business sector accounted for 59.2% of the total facilities, and the…

Hossam Mounir

Egypt’s domestic debt falls to EGP 4.186tn; external debt up to $109.3bn Sept. 2019: CBE

External debt service reaches $2.9bn, including $1.7bn in instalments, $1.2bn in interest

Hossam Mounir

CIB launches Prime Me bundle targeting Millennials

The bundle features a range of banking and non-banking benefits, based on…

Daily News Egypt