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

NBE aims to open 5 new digital branches in 3 months: deputy chairperson

Bank is working to employ technological infrastructure, modern software available to provide…

Hossam Mounir

Banque Misr issued 6.32m cards by end of June 2018

Bank aims to be present in coming period in Milan, Seoul, Nairobi,…

Hossam Mounir

CBE reviews initiative to settle troubled debts: Amer

Initiative includes settlement of debts of 3,500 companies, 337,000 individuals

Hossam Mounir

Banque Misr’s financial position reaches EGP 887.5bn end-June

Deposits increase by EGP 137.1bn, while loans portfolio record EGP 222.2bn

Hossam Mounir

CIB establishes CVentures, Egypt’s first corporate venture capital firm primarily focused on Fintech startups

Establishment of CVentures is evidence of CIB’s profound commitment towards supporting Egyptian…

Daily News Egypt

Minister of Finance criticised for his statements regarding taxpayers’ accounts in banks

This is not first time officials make statements that do not take…

Hossam Mounir

NBE allocates EGP 1.75bn for education, health development: vice chairperson

The bank has spent total EGP 4bn over the past six years…

Daily News Egypt

Banks are preparing to activate ‘Miza’ national payment card

HDB has finished configuring its ATMs to accept the card: Sebaey

Hossam Mounir

HDB holds 34th raffle for children, youth savings account

175,000 participated in vessel with total balances of EGP 565m

Daily News Egypt

AIIB to introduce $510m investments into Egypt

Egypt has potential to be area’s eco-energy hub, we support state efforts…

Hossam Mounir