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

Suez Canal Bank’s financial position stands at EGP 45.3bn end-September: chairperson

Syndicates loans up by EGP 1.8n to EGP 4.8bn, as bank jointly…

Hossam Mounir

CBE Governor, Libyan bank delegation, discuss fortifying mutual cooperation, exchanging experiences between two sides

Both sides agree on economic issues, pay great attention to technical support,…

Hossam Mounir

CBE to review interest rates on Thursday as 2018 meetings conclude

Strong hopes rates to remain stable for 6th consecutive time; 16.75% for…

Hossam Mounir

IDB grants EGP 50m to Tamweely Microfinance to re-lend to projects for low-income groups, most vulnerable

MSMEs portfolio reached EGP 3.4bn, EGP 750m in pipeline: Fahmy

Hossam Mounir

MERIS confirms HDB rating at A- with stable outlook

Bank's rating reflects relative improvement in banking sector in Egypt

Hossam Mounir

CBE unlikely to extend initiative to settle bad debts

Weak turnout by defaulters, 6 months enough for those who want to…

Hossam Mounir

ABE launches Agri Phone service with e-finance, Progress Soft

Bank aims to provide new mobile payment channels in line with technology,…

Hossam Mounir

Banque du Caire wired link on Tahweel network, launches mobile wallet deposit, withdraw service via ATMs 

Service allows mobile phone customers to securely withdraw, deposit cash any time,…

Hossam Mounir

NBE aims to open 5 new digital branches in 3 months: deputy chairperson

Bank is working to employ technological infrastructure, modern software available to provide…

Hossam Mounir

Banque Misr issued 6.32m cards by end of June 2018

Bank aims to be present in coming period in Milan, Seoul, Nairobi,…

Hossam Mounir