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

It is now time for everyone to invest in Africa as main driver of global growth: Ezz Al-Arab

CIB chairperson stresses need to develop systematic frameworks to increase investment in…

Hossam Mounir

Interest rate likely to be fixed during CBE’s Thursday meeting: HC Securities

Company expects CBE to continue trend toward reducing interest rate by end…

Hossam Mounir

Meeza card, instalment services, currency rates within features of 3rd “Sally” update

Application provides full details of 161 kinds of cards issued by 33…

Hossam Mounir

Attijariwafa Bank-Egypt aims to attract 70 new credit customers with funds exceeding EGP 3bn end 2019

Africa and Development Club gateway for Egyptian exporters to penetrate African markets

Hossam Mounir

NBK Egypt contributes about one-third of profits of group’s foreign branches:  Al-Sager

Bank aims to acquire larger market share in rapidly growing retail sector…

Hossam Mounir

Banking draft law to be sent to parliament for approval before end-May: source

It stipulates establishment of committee chaired by prime minister to maintain stability…

Daily News Egypt

US dollar continues decline below EGP 17 for first time in two years: CBE

The average price of US dollar in banks reached EGP 16.99 for…

Daily News Egypt

US dollar hits EGP 16.99 mark for first time since March 2017

The average dollar price on Wednesday recorded EGP 17.01 to buy and…

Hossam Mounir