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

SMEs account for 24% of United Bank’s total credit portfolio: vice chairperson 

Bank to offer unique funding solutions, smart digital services, to support these…

Hossam Mounir

HDB’s SMEs portfolio amounted to EGP 2.2bn at end June: chairperson

Bank intends to pump EGP 400m to finance SMEs: El-Sebai

Hossam Mounir

Banque Misr finances cotton with EGP 1.3bn for 2018/19 season

Bank arranged 17 financing operations worth EGP 113bn, planning further loans worth…

Hossam Mounir

Egypt’s average external debt per capita records $883.9 in June 2018: CBE

External debt up to $92.6bn in June 2018, $79.032bn in June 2017,…

Hossam Mounir

Banks’ investments overseas: high diversity, multiple risks, derivatives completely prohibited

CBE placed several measures to hedge, expand investments, eliminate risky asset investments:…

Hossam Mounir

Egyptian banks find their way towards green banking as path to sustainable development

The FEB founded sustainable development committee in 2014 to implement the vision,…

Hossam Mounir

57th ACI World Congress, 43rd ICA conference begin Friday in Cairo

400 financial market experts, senior officials from around world to attend

Hossam Mounir

Banque Misr signs protocol with Finance Ministry to collect its EGP 2bn outstanding debt 

Agreement stipulates specific implementation mechanisms to settle amount due to bank

Daily News Egypt

Miza card to be activated in December: CBE Sub Governor

CBE considers issuing digital currency, says Hussein

Hossam Mounir

Five easy ways to apply for credit cards around world

Owning credit cards immense convenience, provides superior spending power, powerful asset in…

Daily News Egypt