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

EGP 735.59bn bank investments in T-bills by end-December 2018: CBE

Banks supported their securities portfolio with EGP 202.23bn in 2018

Hossam Mounir

Nine private, foreign banks in Egypt gain net profits of EGP 25.80bn in 2018

Five banks only earn billions in net profits, other banks acquired under…

Hossam Mounir

NBE allocates EGP 123m to legalise situation of Shaq El Teaban investors

Bank studies 300 applications seeking to obtain facilities

Hossam Mounir

CBE governor calls for enhancing independence of central banks in Africa

During meeting of Association of African Central Banks in Dakar

Hossam Mounir

Banque du Caire opens regional office in UAE for Gulf customers

Enhancing bank’s existence abroad one of our top priorities, says Fayed

Hossam Mounir

CBE, AFI co-organise working group meetings in Cairo

The Central Bank of Egypt (CBE) and the Alliance for Financial Inclusion…

Daily News Egypt

CBE, government welcome parliament’s approval of E-Payment Law: CBE’s deputy governor

The Central Bank of Egypt (CBE) welcomed the parliament’s approval of the…

Daily News Egypt

Annual inflation rates increase 1.7% to reach 13.9% in February 2019: CAPMAS

Vegetables, poultry, milk, cheese, eggs push monthly inflation to 1.8% in February…

Hossam Mounir

US dollar hits its lowest in two years

US currency lost 8.11 piasters last week, losing 49 piasters since January…

Hossam Mounir