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

Banque du Caire aims to expand routes to support foreign trade, back Egyptian exporters 

Bank sponsored FEI visit to Tanzania to encourage Egyptian exports

Daily News Egypt

NBE secure EGP 300m to Zewail City of Science, Technology: Okasha

Launch of NBE institute building city for science, engineering, nanotechnology

Daily News Egypt

CBE reviews interest rates on Thursday

MPC cut interest rates twice this year, kept them unchanged during 4…

Hossam Mounir

Egypt repays $1.36bn worth of international bonds in December

Outstanding bonds worth $18bn and €2bn due within 30 years

Hossam Mounir

CBE to apply new obligatory entrepreneurship certification for bankers

Bank currently preparing another certification for business development services

Hagar Omran

Highest level of FX reserves in history reached by end of October

CBE: $86m increase in value of gold, foreign currencies balance down by…

Hossam Mounir

UAB discusses partnership between private, public sectors to achieve sustainable development during annual conference

700 banking experts, leaders, officials, central banks' governors, economists, planning ministers to…

Hossam Mounir

Household sector accounts for 78.8% of total bank deposits by end of August 2018: CBE

Deposits growth rate at 18.79%, local currency deposits at 22%, foreign currencies…

Hossam Mounir

ABE to offer global tender in 6 months to develop its technological structure: Chairperson

We addressed 26,000 defaults in EGP 1.5bn debts, settled 2,700 worth EGP…

Hossam Mounir

Two years since currency floatation

Foreign exchange reserves up by $25bn, hard cash flow increased, inflation declined,…

Hossam Mounir