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

30% of ABE loans allocated to farmers, crop production: bank chairperson

Animal production projects receive 25% of portfolio, 20% for mechanisation projects, 25%…

Hossam Mounir

First Abu Dhabi Bank launches bancassurance products, services in collaboration with gig

Union with gig will advance bank's efforts to offer best merits to…

Hossam Mounir

Emirates NBD Egypt plans to expand digital services in Egyptian market: CEO

Bank attracted 3m smart wallets, plans to add services through Chatbot, Avatar,…

Hossam Mounir

EGP 2bn net profits of Banque du Caire in 9M18

Bank injected EGP 1.6bn to fund micro projects, including 55% for Upper…

Hossam Mounir

5 major banks represent UAE in Egyptian market

List includes Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank,…

Hossam Mounir

Market welcomes CBE’s decision to end foreign investors funds repatriation mechanism

Decision planned since flotation in November 2016, we aim to direct investment…

Hossam Mounir

EGP liberalisation eliminated all FX shortage

Egypt's payments balance achieved overall surplus of $12.8bn, 5.1% of GDP for…

Hossam Mounir

Credit facilities granted by banks to clients increase by EGP 28.2bn in Q3 2018

Private business sector obtains 61.3% of these facilities, industry sector benefit most,…

Hossam Mounir

United Bank ends tax disputes of EGP 100m

Bank keen on solving all disputes of stamp duty, fulfill obligations towards…

Hossam Mounir

EU strengthens CBE’s efforts on financial inclusion, banking supervision

Egyptian women’s financial inclusion also high priority, number of initiatives being implemented…

Hossam Mounir