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

Yields on Egypt’s T-Bills down by 0.34 – 0.83% after CBE interest-rate cut

Interest rates, accepted by finance ministry, decline on T-Bills of 91-day to…

Hossam Mounir

International institutions acquired 30.7% of Egypt’s debts by end-June 2018

Debts to Arab countries reached $23.1bn or 24.9% of total external debts:…

Hossam Mounir

Business community calls on CBE to more cuts in interest rates

Decision to cut interest rates by 1% is good, yet values still…

Hagar Omran

Banks to discuss fate of deposit, lending interests this week following CBE rate cut

NBE, Banque Misr to keep interests of fixed-rate saving certificates stable, cut…

Hossam Mounir

CBE cuts interest rates by 1%

Overnight deposit rate, overnight lending rate, rate of the main operation at…

Daily News Egypt

IDB signs cooperation protocol with Alexandria governorate, MFF to fund social housing units

Agreement to fund 1,138 residential units within CBE initiative

Hossam Mounir

CBE to review interest rates today in first 2019 meeting

Higher inflation in January shifts market expectations of interest stabilisation in this…

Hossam Mounir

Foreign banks cut investments in government debt instruments by over EGP 13bn in December 2018

Banks' assets of T-Bills reach EGP 725.92bn, topping list of debt holders,…

Hossam Mounir

HDB opens 4 new branches, bringing its network to 87 branches

Opening new branches comes to activate bank's expansion policy in line with…

Daily News Egypt

Attijariwafa Bank Egypt seeks to support national contracting companies

Bank signs MoU with EFCBC, AFCCA to promote contracting industry in Africa

Daily News Egypt