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

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

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