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

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

Misr Insurance Holding eyes 10% growth in consolidated net profits: chairperson

Company’s plan relies on achieving ambitious growth rates in various activities that…

Hossam Mounir

NBE targets 15-20% growth in all sectors: vice chairperson

We aim to channel more financing to SMEs and retail loans: Aboul…

Hossam Mounir

“We aspire to put HDB among Egypt’s top 10 banks”: Ghanem

We aim to focus on industry in our next plan, in implementation…

Hossam Mounir

Credit Agricole Egypt embarks on digital transformation plan for three years

Bank will be part of the CBE’s initiative to support industrial sector

Hossam Mounir