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

Egyptian government has bold vision to develop, digitise its economy: Visa CEO

Migration to digital payments improves lives of individuals, spurs economic progress, prosperity

Daily News Egypt

Islamic Development Bank to invest $3bn in Egypt during 2018-2020

The Islamic Development Bank is set to pump $3bn in the period…

Daily News Egypt

NBE grants ASORC $100m to implement service, facility projects necessary to develop company’s plants

Yehia Aboul Fotouh, deputy chairperson of the National Bank of Egypt (NBE),…

Hossam Mounir

Attijariwafa Bank signs MoU with Expolink to raise Egyptian exports to Africa

Group aims to establish joint ventures between Moroccan, Egyptian investors, explore joint…

Hossam Mounir

Momentum in NUCA’s auctions to continue: Beltone Research

HDB stands as key beneficiary on continued flow of low-cost deposits

Mohamed Samir

Relative stability in Egypt’s net international reserves at $42.6bn in March: Beltone

Egypt’s net international reserves continued their relatively stable status, increasing slightly by…

Mohamed Samir

Average of 30-40 bps cut in banks’ net interest margin expected following CBE cuts: Beltone

Lengthening durations of assets while shortening those of liabilities are key defense…

Mohamed Samir

Cooperation protocol between NBE, Agriculture Ministry, Ard El Kheir for livestock projects development

NBE injected EGP 1.2bn to fund 7,400 projects in livestock sector development

Hossam Mounir

FX reserves record $42.611bn at end-March

Foreign currency in reserve increased to $39.018bn, up $64m from February

Hossam Mounir