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

EGP 24.2bn increase in banks’ investments in securities in May 2018: CBE

Deposits up EGP 10.8bn, loans grew by EGP 32bn

Hossam Mounir

Most banks in Egypt performed well in H1 2018

Financial statements of 10 banks reflect significant growth in profits by end…

Hossam Mounir

CBE keeps overnight deposit, overnight lending rates unchanged

The monetary policy committee (MPC) decided to keep the Central Bank of…

Daily News Egypt

SMEDA, e-finance cooperate to develop small projects platform

Beta version well-received by concerned bodies, including CBE, says Gamea

Hossam Mounir

ABE issues 168,000 Aman El-Masreen certificates worth EGP 183m in five months

Aman certificates' outcome confirmed bank's role in supporting state plan of financial…

Hossam Mounir

NBK – Egypt allocates EGP 30m for CSR in 2018: CEO

Bank signs a cooperation agreement with Zewail City for Science and Technology…

Hossam Mounir

Banks inject loans worth EGP 35.861bn, attract deposits worth EGP 41.5bn in April 2018: CBE

Private sector acquired 61.7% of total loans, EGP 11.4bn increase in individual…

Hossam Mounir

Foreign investments in treasury bills decline by EGP 64.8bn in May: CBE

This is not worrisome, as CBE is experienced in dealing with these…

Hossam Mounir

United Bank, Sudanese delegation discuss enhancing cooperation between financial, banking institutions

Bank offers range of services, credit solutions, technical consultations to support Egyptian…

Hossam Mounir

ABE signs technical, structural support agreement with RIAS, SANAD

Agreement aims to benefit ABE from experiences of Dutch Rabobank in supporting…

Hossam Mounir