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

CBE to officially launch national payment card in electronic market by end of December

10% increase in electronic payment helps rising GDP with $1.5bn: sub-governor

Hagar Omran

Egypt’s foreign debt jumps to $88.1bn end-March: CBE

Local public debt rose by EGP 122.1bn in Q1 2018

Hossam Mounir

ABK-Egypt net profits register EGP 251m in H1 2018

Egyptian economy received wide international praise, reflected positively on banking market, says…

Hossam Mounir

Foreign Currencies in FX reserves up by $2.13bn in July, CBE

SDRs down by $1.017bn, gold in reserves drop by $54m

Hossam Mounir

Procedures for exit of National Bank of Greece from Egypt did not start yet: senior official

Bank's management in Egypt has not received any formal requests for technical…

Hossam Mounir

ABE settles outstanding debts for 480 customers worth EGP 38m within CBE initiative: chairperson

Bank's bad debt portfolio declined to 13% of total loan portfolio, aims…

Hossam Mounir

Governance is essential for banking sector to protect rights of shareholders, depositors: Suez Canal Bank head

Setting policies to ensure transparency, disclosure when dealing with CBE, FRA, says…

Daily News Egypt

CBE hosts 41st annual meeting of AACB

Meeting held for first time in Egypt, with 40 African delegations

Hossam Mounir

NBE, EIB sign €375m agreement to finance Egyptian SMEs

SME portfolio amounted to EGP 44bn at end of June, says Okasha

Hossam Mounir

Banque du Caire issues 36,000 Aman certificates worth EGP 38.2m: bank chairperson

There are other purchase requests under implementation worth EGP 213m, 10 bank…

Hossam Mounir