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

Amer true engineer of economic reform: Kamal

CBE governor made history with bold decisions: chairperson of the Egyptian Arab…

Daily News Egypt

Vodafone, AlexBank aim to increase Vodafone Cash customers to 5 million by mid 2019

Vodafone negotiates with CBE to include companies in the service and raise…

Hossam Mounir

CBE, MasterCard discuss pushing digital payments in Egypt

MasterCard cooperated with the Egyptian government in issuing 4.6m payroll cards for…

Hossam Mounir

Volume of allocations in banks amounts to EGP 109.383bn

The volume of provisions made by banks to deal with bad and…

Daily News Egypt

Issued currency up EGP 17bn

Total currency issued by the Central Bank of Egypt (CBE) amounted to…

Daily News Egypt

Banks’ investments in T-bills reached EGP 549.96bn

Banks’ investments in treasury bills (T-bills) reached EGP 549.96bn by the end…

Daily News Egypt

Deposits portfolio reached EGP 3.124tn

The size of the banks’ deposits portfolio reached EGP 3.124tn at the…

Daily News Egypt

80% rise in net foreign assets

The net foreign assets of the Egyptian banking sector as a whole,…

Daily News Egypt

ABE, MSMEs Development Agency to sign agreement worth EGP 50m to finance women’s project within two weeks

Bank may offer funding scheme to contribute to establishing the first model…

Hossam Mounir