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

Credit facilities granted by banks in FY 2017/2018 score EGP 203.2bn

Private sector acquired 62% of facilities, industries at forefront, CBE stated

Hossam Mounir

IDWBE profits score EGP 244m in 2017: chairperson

Loans up to EGP 7.6bn, EGP 10bn growth in deposits in one…

Hossam Mounir

IFC plans to increase local currency financing in Egypt

Corporation aims to invest up to $1bn in FY 2018/19, says Labadi

Shaimaa Al-Aees

Await bigger role for Suez Canal Bank in supporting Egyptian economy during coming period: chairperson

10% Growth in total financial position of Suez Canal Bank to reach…

Hossam Mounir

Achievements of economic reform programme promising internally, externally: El-Kady

The state supported by the plan of the CBE is working to…

Hossam Mounir

Long-term investment in Egypt to provide higher ROI than government debt instruments: Gadallah

Large real estate projects best option for government to bring about rapid…

Hossam Mounir

Egypt’s economy growth potential considered enormous, subsequently banking sector: Abaza

Egyptian market filled with lucrative, untapped opportunities, says CEO, board member at…

Hossam Mounir

Egyptian economy witnesses strong signs of improvement after corrective measures taken by government: Berro

Daily News Egypt sat down for an interview with Berro, whereby he…

Hossam Mounir

Cabinet approves agreement with EBRD to upgrade metro

Agreement previously signed in August to develop line 1

Daily News Egypt

Hassan Abdalla appointed as first assistant to CBE governor, Elwy as CEO of AAIB

Abdalla has served as the former chairperson of the Saib Bank, chairperson…

Hossam Mounir