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 net profits reach EGP 10.1bn by end-June 2018

Bank has carried out settlements for troubled loans by EGP 6bn for…

Hossam Mounir

Resignations, leadership reshuffle in banks operating in Egypt

More changes expected over upcoming period as new Banks Law gets issued

Hossam Mounir

Banks operating in Egypt are strong, safe: CBE

NPLs down to 3.9% of total loans by end-2018

Hossam Mounir

CIB Egypt signs cooperation protocol with ‘Business Women of Egypt 21’

Protocol comes within bank’s efforts to support members of BWE21

Daily News Egypt

Suez Canal Bank increases branch network by 2 branches to 43

Bank aims to reach out to new customer segments, says bank’s chairperson

Hossam Mounir

Tamweely negotiates with 4 banks for supplementary financing of EGP 400m

Company injects EGP 700m of micro loans to 40,000 clients through 38…

Hossam Mounir

Banking alliance arranges EGP 3.1bn worth joint loan for Samcrete Egypt

Coalition includes NBE, Banque Misr, Banque du Caire, SAIB, EDBE, Suez Canal…

Hossam Mounir

Banque du Caire’s NIAT jumps 200% to EGP 2.5bn end-2018

Last year was turning point in bank’s performance, says bank’s chairperson

Hossam Mounir

Banks supported their capital by EGP 9.69bn in 2018: CBE

Value of financial position of Egyptian banking sector’s units increases by EGP…

Daily News Egypt