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

CBE supports tourism with three initiatives

Tourism is a major and important pillar for the national economy: CBE

Hossam Mounir

CBE receives 38 bids to invest $966.9m in T-Bill auction

Growing value of gold reserves pushes FX reserves to its highest level…

Hossam Mounir

NBE arranges EGP 242bn syndicated loans over last 3 years

Bloomberg ranks the NBE first in managing syndicated loans in Egypt

Hossam Mounir

CBE offers $800m bill tender on Monday

The proceeds of the tender goes to repay a previous tender offered…

Hossam Mounir

10 main tasks before CBE’s new board

New board includes financial, legal, technological and economic expertise alongside the governor,…

Hossam Mounir

NBE studies establishment of rowing club in Cairo

Bank to continue sponsoring the Egyptian Rowing Federation and other games in…

Hossam Mounir

NBE’s financial position records EGP 1.7trn in 2019

Bank’s deposits reached EGP 1.3trn, while loans were EGP 570bn, including EGP…

Hossam Mounir

Al-Ahly Medical to establish its first-ever hospital soon, costing over EGP 100m

The NBE’s Vice Chairperson Yehia Aboul Fotouh said the company has previously…

Hossam Mounir

CBE to offer $800m worth T-Bills next Monday

The proceeds of the tender goes to repay a previous tender worth…

Hossam Mounir

IDB to open first business centre in Borg Al Arab in 2020

Among those activities was the bank’s sponsorship of the Business Centre for…

Hossam Mounir