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

Benefits of economic reform in Egypt are outstanding: HSBC’s chief economist for CEEMEA

We remain fundamentally optimistic regarding our economic expectations for Egypt in near…

Hossam Mounir

ABE aims to become largest small projects bank in Egypt: chairperson

We are racing against time to completebank’s restructuring process, prepare it to…

Hossam Mounir

NBE-led coalition finances nitrate project for Abu Qir Fertilizer

Abu Qir Fertilisers and Chemical Industries Holding Company’s board of directors decided…

Daily News Egypt

CBE reviews interest rates

Market expectations shift from cuts to maintaining

Hossam Mounir

ABE injects EGP 300m into veal project over 7 months: chairperson

Bank offered loans to 2,158 customers to feed, fatten 22,400 cattle nationwide,…

Hossam Mounir

Remittances record $17.3bn in 8 months: CBE

Egypt receives foreign exchange inflows of about $120bn since flotation, says Amer

Hossam Mounir

NBE signs cooperation agreement with Ministry of Antiquities to develop archaeological sites

Areas to be developed include Pyramids of Giza, Temples of Phila, Abu…

Daily News Egypt

Strong expectations for new cut in pound interest on Thursday

MPC trimmed key interest rates by 2% since beginning of 2018 after…

Hossam Mounir

Local, foreign financial institutions offer to invest $1.28bn in T-bills

CBE accepts $1.1bn, with average interest of 3.29%

Hossam Mounir