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

Government prepares for linking Farmer’s Card with Meeza e-payment services

ElKosayer held several meetings with the Agricultural Bank of Egypt, e-finance, and…

Daily News Egypt

BLOM Bank Egypt increases capital to EGP 3bn

Bank directs EGP 1bn of profits to capital rise

Hossam Mounir

Premium Card closes largest short-term securitisation transaction for EGP 172m

Issuance is part of a two-year EGP 2bn short-term securitisation programme

Daily News Egypt

HDB join efforts to support those affected by COVID-19

Bank is providing EGP 20m in aid to support 1,500 families

Hossam Mounir

saib coordinates EGP 750m syndicated loan for Dorra Group’s CRC

saib acted as bookrunner and agent of the deal, while the National…

Hossam Mounir

NBE maintains syndicated loan leadership in Egypt 1Q 2020: Bloomberg

Bank concludes 6 financing deals of total EGP 15.4bn

Hossam Mounir

Banks in local market move to support irregular employment

Banks make donations as follows, EGP 80m from NBE, EGP 40m from…

Hossam Mounir

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