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

ADIB-Egypt’s profits jump by 35% to EGP 850m in 2018

Bank to settle tax disputes of EGP 1bn by 2020, says ADIB-Egypt’s…

Daily News Egypt

MSMEDA expects $200m, €107m funds to be reinjected into micro, small projects

‘We are anticipating president’s approval on several deals of $200m with World…

Hossam Mounir

Banque du Caire participates in Nile Pioneers initiative to support entrepreneurship

We participate in all important events supporting state plans for sustainable development:…

Daily News Egypt

Limited response from banks to CBE’s decision to cut interest in first week

Banks move interest on variable yield certificates, others cut interest on deposits,…

Hossam Mounir

HDB, Civil Status Organization sign protocol over clients’ database

The Deputy Chairperson and Managing Director of the Housing and Development Bank…

Daily News Egypt

CBE sets new controls for mortgage finance initiative for low-income individuals

Mortgage finance will be provided for clients who meet CBE’s conditions

Hossam Mounir

Egypt’s outstanding dollar, euro bonds increase to $23.2bn, €2bn respectively

Maturities of dollar bonds range between 5-30 years, euro bonds between 8-12…

Hossam Mounir

For first time, CBE instructs banks to protect clients’ rights

Instructions have been in effect since 13 February, banks were given one-year…

Hossam Mounir

CBE pays EGP 114.4bn of interest on Deposit Operation in FY 2017/18

Bank turns from profits of EGP 12.66bn in FY 2016/17 to losses…

Hossam Mounir

Crédit Agricole Egypt’s net profit rises by 12.4% to EGP 2.2bn in 2018

Crédit Agricole Egypt reported a net profit of EGP 2.2bn at the…

Daily News Egypt