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 banks make EGP 59.075bn profits in 2017: CBE

Top 5 banks accounted for 47.424% of total profits, top 10 achieved…

Hossam Mounir

Banque du Caire contributes to EGP 568m loan to Zizinia El Mostakbal project

Bank is keen to support real estate sector through pumping all necessary…

Hossam Mounir

SMEDA financed 48,000 projects in Alexandria worth EGP 1.2bn

Authority offered grants of EGP 131.7m to implement labour-intensive infrastructure projects

Hossam Mounir

Suez Canal Bank achieved net profit of EGP 356m by end-2017

Total bank budget rose to EGP 40bn, up by EGP 8.6bn from…

Daily News Egypt

HDBEG scores EGP 1.07bn net profit in 2017

Performance indicators of the Housing and Development Bank (HDBEG) during 2017 revealed…

Daily News Egypt

President rejuvenated SMEs by launching his EGP 200bn initiative

Banks financed 62,000 projects under initiative worth EGP 68bn until end-December 2017,…

Hossam Mounir

Mostadam Forum launches training session for young bankers from Egypt, Middle East in March

Mostadam Forum will launch its fourth training session for young bankers from…

Daily News Egypt

ADIB adopts ambitious strategy to enhance its presence in Egyptian market: Aly

Bank strengthens its geographical presence by opening Thawra, Fifth Settlement branches

Daily News Egypt

El-Sharkawy appointed head of MIDB

Bank honours Ismail Hassan, former chairperson, with attendance of Amer, El-Okda, Razmez,…

Daily News Egypt