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

Total credit facilities by banks increased by EGP 123.2bn in nine months

Industry alone received 25.2% of total credit granted by banks to non-governmental…

Hossam Mounir

Does Egypt need more external borrowing?   

Egypt's lack of control over foreign debt could cause negative pressure on…

Hossam Mounir

All investigated transactions are correct, allegations are unfounded: CIB

The Commercial International Bank (CIB) released a press statement on Saturday stating…

Mohamed Samir

IDBE signs cooperation protocol with MFF to increase its share in CBE’s initiative to EGP 1bn

Bank funds 5,220 clients with EGP 529m within initiative, says Fahmy

Hossam Mounir

Al Baraka Banking Group puts Egyptian market at top of its priorities: CEO

Bank celebrates opening of its new headquarters in 5th Settlement

Hossam Mounir

SMEDA funds  selling points vehicles project with EGP 160m

Project provides 2,000 opportunity for youth in cooperation with Ministry of Supply,…

Hossam Mounir

41.2% increase in remittances from expatriate Egyptians in April 2018

Total remittances reach a record level of $26bn from July 2017 to…

Mohamed Samir

NBE participated in arrangement of loans worth EGP 58.5bn in H1 2018

Bank is ranked first in Egyptian banking market in syndicated loans according…

Daily News Egypt

Limited-income mortgage finance portfolio at NBE reaches EGP 3.6bn

We are studying 10,409 files worth EGP 1.1bn, with plans to boost…

Hossam Mounir

United Bank intends to settle EGP 500m worth of bad debts within CBE initiative

We do a comprehensive inventory of our defaulting customers, study reasons for…

Hossam Mounir