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

EFG Hermes Leasing, HSBC team up to finance capital expansion of SMEs

Agreement supports CBE initiative to strengthen sector, raises its contribution to formal…

Daily News Egypt

MSMEs account for 75% of ABE’s loans portfolio by end October: chairperson

Bank pumped EGP 605m to 1,314 clients in CBE's initiative, says Elkosayer

Hossam Mounir

HDB profits scored EGP 1.393bn end September: chairperson

Bank's housing projects profits increased to EGP 370.3m end of September, up…

Hossam Mounir

United Bank shifting from losses to profits, earning over EGP 1bn: chairperson

Bank injected EGP 136m to 1,800 low- and middle-income mortgage financing clients,…

Hossam Mounir

Suez Canal Bank’s financial position stands at EGP 45.3bn end-September: chairperson

Syndicates loans up by EGP 1.8n to EGP 4.8bn, as bank jointly…

Hossam Mounir

CBE Governor, Libyan bank delegation, discuss fortifying mutual cooperation, exchanging experiences between two sides

Both sides agree on economic issues, pay great attention to technical support,…

Hossam Mounir

CBE to review interest rates on Thursday as 2018 meetings conclude

Strong hopes rates to remain stable for 6th consecutive time; 16.75% for…

Hossam Mounir

IDB grants EGP 50m to Tamweely Microfinance to re-lend to projects for low-income groups, most vulnerable

MSMEs portfolio reached EGP 3.4bn, EGP 750m in pipeline: Fahmy

Hossam Mounir

MERIS confirms HDB rating at A- with stable outlook

Bank's rating reflects relative improvement in banking sector in Egypt

Hossam Mounir

CBE unlikely to extend initiative to settle bad debts

Weak turnout by defaulters, 6 months enough for those who want to…

Hossam Mounir