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

Five main aspects of theto United Bank’s work strategy in 2018: chairperson

Package of new digital solutions will be launched, customers will be educated,…

Hossam Mounir

Banque Misr pumped EGP 5bn into SMEs in 6 months

Beheira, Sharqeya, Sohag governorates receive most microfinancing; Sohag, Minya, Kafr Al-Sheikh received…

Daily News Egypt

NBE pumped EGP 18.6bn to finance 17,800 small projects in two years: bank VP

SMEs portfolio increased to EGP 39.8bn for 57,400 projects by end-December, says…

Hossam Mounir

NBE contributed EGP 30.6bn to syndicated loans in 2017

Bank supported by huge capital base of over EGP 93bn, providing opportunity…

Hossam Mounir

Egyptian remittances score $10.4bn from July-November 2017: CBE

Egyptians' remittances recorded about $2.2bn in November 2017, compared to $2.1bn in…

Hossam Mounir

CBE opens account to collect change from checks, remittances, directs them to development projects

CBE called on banks to transfer change to main account at end…

Hossam Mounir

CBE warns against dealing in Bitcoin

Cryptocurrencies lack guarantee and official government support as opposed to official currencies:…

Hossam Mounir

Local, foreign financial institutions offer to invest $1.054bn in USD T-Bills

Interest rate highest at 3.35%, lowest at 3.32%, averaging 3.346%

Hossam Mounir

Banque Misr receives the Mohammed bin Rashid Award for Young Business Leaders

Bank injects EGP 2.2bn to fund 48,392 micro enterprises in 32 months

Hossam Mounir

CBE offers treasury bills worth $7850m

Tender proceeds to cover previous tender on 10 January 2017 worth $888.8m

Hossam Mounir