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

Banks operating in Egypt are strong, safe: CBE

NPLs down to 3.9% of total loans by end-2018

Hossam Mounir

CIB Egypt signs cooperation protocol with ‘Business Women of Egypt 21’

Protocol comes within bank’s efforts to support members of BWE21

Daily News Egypt

Suez Canal Bank increases branch network by 2 branches to 43

Bank aims to reach out to new customer segments, says bank’s chairperson

Hossam Mounir

Tamweely negotiates with 4 banks for supplementary financing of EGP 400m

Company injects EGP 700m of micro loans to 40,000 clients through 38…

Hossam Mounir

Banking alliance arranges EGP 3.1bn worth joint loan for Samcrete Egypt

Coalition includes NBE, Banque Misr, Banque du Caire, SAIB, EDBE, Suez Canal…

Hossam Mounir

Banque du Caire’s NIAT jumps 200% to EGP 2.5bn end-2018

Last year was turning point in bank’s performance, says bank’s chairperson

Hossam Mounir

Banks supported their capital by EGP 9.69bn in 2018: CBE

Value of financial position of Egyptian banking sector’s units increases by EGP…

Daily News Egypt

Banks’ net profits increase to EGP 70.2bn by end-2018

Ten biggest banks account for 63.9% of sector’s total profits, while 5…

Hossam Mounir

Egyptian market expects another interest rate cut on Thursday

Several factors favour cut, others weigh on fixing, final decision is in…

Hossam Mounir