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

CONIA interest rate benchmark comes into force

New standard reinforces CBE's ability to improve monetary policy

Hossam Mounir

Banks operating in Egypt celebrate International Youth Day

New accounts opened free of charge, special offers made on 1-15 August

Hossam Mounir

CBE reveals Egypt’s economy external position

Foreign debt reached 35.1% of GDP at end December 2018, compared to…

Hossam Mounir

Egypt’s external debt reaches 35.1% of GDP at end-2018, but still within safe limits: CBE

Saudi Arabia is Egypt's top lender with total debt of $8.7bn

Hossam Mounir

Egypt Hosts Annual Workshop in field of money laundering, terrorism funding

Hosting this workshop confirms state’s keenness on supporting efforts to face challenges…

Hossam Mounir

New role, form for ABE in coming period: ElKosayer

Bank embarked on comprehensive restructuring, development process based on extensive support received…

Hossam Mounir

NBE holds 29% of deposits, 21.2% of retail loans in Egyptian banking sector

Bank achieved 17% growth in deposits to EGP 1.186bn end-June 2019, retail…

Hossam Mounir

NBE finances first phase of Roxy hydraulic parking garage by EGP 162m

Transportation projects among NBE’s top funded sectors, says NBE’s Sherif Riad

Hossam Mounir

Faisal Islamic Bank of Egypt registers EGP 1.376bn in profits in H1of 2019

Total assets of bank increased to EGP 97.289bn end-June, up from EGP…

Hossam Mounir