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

CBE extends fees waiver on ATM cash withdrawals, bank transfers to year-end

CBE to bear EGP 50m of pension withdrawal expenses until 2020-end

Daily News Egypt

NBE signs EGP 793.9m long-term financing contract for Nile Wood Company

The agreement was made as part of the Central Bank of Egypt’s…

Hossam Mounir

Faisal Islamic Bank records EGP 112.751bn in business volume during August

Bank’s total accounts grew 13.6% to about EGP 93.083bn last month

Hossam Mounir

Banks explore repayment options of deferred loan instalments during COVID-19

Complete inventory is being undertaken of clients benefiting from CBE loan deferral…

Hossam Mounir

Crédit Agricole Egypt wins 2 Global Finance awards for digital banking services

The bank took home the top awards in the Best Mobile Banking…

Daily News Egypt

CBE directs banks to take appropriate measures on deferred loan instalments

Each bank must conduct careful review of existing credit facilities, and their…

Hossam Mounir

NSB records profit increase to EGP 1.427bn despite pandemic

Bank has spent EGP 960m on social solidarity projects, says NSB Vice…

Hossam Mounir

Arab central banks, monetary institutions to discuss implications of COVID-19

Fintech application and digital transformation of banking services and products are among…

Hossam Mounir

15% saving certificates increase household sector’s control of Egyptian deposits

NBE, Banque Misr saving certificates attract EGP 380bn in 6 months

Hossam Mounir

NBE signs EGP 1bn financing contract with Palm Hills

NBE Vice Chairperson Yehia Aboul Fotouh said that the contract comes in…

Hossam Mounir