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

Fate of inked banknotes remains vague

Rumours of banning banknotes with handwritings on them, banks deny, CBE silent

Hossam Mounir

CBE imposes sanctions on 28 currency exchange companies in 2018

Procedure came as result of violations to CBE’s regulations, conditions

Hossam Mounir

Attijariwafa Bank, Global Lease sign SME support protocol

Attijariwafa Bank Egypt and Global Lease Company have signed a joint protocol…

Hossam Mounir

CBE approves issuing EGP 870.3m worth ‘Aman’ certificates

NBE, Banque Misr, Banque du Caire, ABE started offering certificates in March…

Hossam Mounir

$1.44bn increase in foreign reserves to $44.06bn end-February: CBE

The foreign exchange reserves at the CBE have increased by $1.44bn by…

Hossam Mounir

EPG 489.138bn increase in banks’ deposits in 2018: CBE

Government’s deposits hit EGP 391.7bn, family sector deposited 66% of them

Hossam Mounir

EBI implements a development plan to stay up-to-date with new world of training: Executive Director

Development process includes training programmes, methodologies, infrastructure, digital architecture, says Nossier

Hossam Mounir

Egyptian Arab Land Bank signs cooperation protocol with Nile Capital Holding

Protocol to finance microenterprises, private education, urban development, contracting, health care services,…

Daily News Egypt

HDB partakes in Nile Pioneers Initiative by financing of bank’s incubator for construction

Thirty business development centres established in several governorates, will increase in future…

Daily News Egypt

Foreign investments in T-bills increase by $2.4bn in January

This increase followed nine-month wave of decline

Hossam Mounir