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 Misr’s CSR contribution amounted to EGP 700m in last FY: Chairperson

Bank aims to double amount in coming years by focusing on education,…

Hossam Mounir

NBE provides EGP 2bn for 18 companies working in cotton ginning, trade

Benefiting companies include eight private sector companies

Hossam Mounir

Banque du Caire opens 2 news branches, bringing its network up to 221

BDC plans to expand to 25 offices in 2019, add 20-25 extensions…

Daily News Egypt

SMEs account for 24% of United Bank’s total credit portfolio: vice chairperson 

Bank to offer unique funding solutions, smart digital services, to support these…

Hossam Mounir

HDB’s SMEs portfolio amounted to EGP 2.2bn at end June: chairperson

Bank intends to pump EGP 400m to finance SMEs: El-Sebai

Hossam Mounir

Banque Misr finances cotton with EGP 1.3bn for 2018/19 season

Bank arranged 17 financing operations worth EGP 113bn, planning further loans worth…

Hossam Mounir

Egypt’s average external debt per capita records $883.9 in June 2018: CBE

External debt up to $92.6bn in June 2018, $79.032bn in June 2017,…

Hossam Mounir

Banks’ investments overseas: high diversity, multiple risks, derivatives completely prohibited

CBE placed several measures to hedge, expand investments, eliminate risky asset investments:…

Hossam Mounir

Egyptian banks find their way towards green banking as path to sustainable development

The FEB founded sustainable development committee in 2014 to implement the vision,…

Hossam Mounir

57th ACI World Congress, 43rd ICA conference begin Friday in Cairo

400 financial market experts, senior officials from around world to attend

Hossam Mounir