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

Banque du Caire, EIB sign $100m loan agreement to finance SMEs

Fayed also emphasised that Banque du Caire’s keenness to boost and diversify…

Daily News Egypt

CIB commits $7m to test kits, support families impacted by COVID-19

The CIB contribution will also be dispersed to the National Emergency and…

Hossam Mounir

CBE reveals February 2020 data for banks operating in Egypt

Financial position of banks operating in local market touches EGP 6trn, deposits…

Hossam Mounir

Digital banking on the rise owning to coronavirus push

Allowing self-registration for e-wallet services contributes to speeding up digital transformation of…

Hossam Mounir

Egypt’s NIR decline to $37bn in April: CBE

Bank honours all of its external obligations amounting to around $1.6bn

Daily News Egypt

NBE leads banking consortium to provide €30m syndicated loan to MidElec

Hisham Okasha, Chairperson of NBE, said the arrangement of this loan comes…

Hossam Mounir

CIB net income down 9% to EGP 2.4bn in 1Q 2020

ROAE records 19.6%, ROA 2.5%, net profit decreases 9% y-o-y

Daily News Egypt

CBE receives 31 bids to invest $1.095bn in T-Bill auction

25 offers worth $975.4m were accepted

Hossam Mounir

CBE offers $800m in 1-year treasury bills on Monday

Proceeds cover a previous tender, worth $1bn, offered in May 2019

Hossam Mounir

Transition to online learning part of EBI vision before Covid-19 crisis: Abdel Aziz Nossier

EBI to launch ‘Future Leaders’ online training programme for African Central Bank…

Daily News Egypt