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

Mostafa Hadhod appointed head of Egyptian Company for Agricultural and Rural Development

Company is the investment arm of the Egyptian Agricultural Bank, aims to…

Hossam Mounir

ABC Egypt net loan portfolio at EGP 4.2bn at end of 2016

Bank achieved net profit of EGP 152.1m, growing by 19.9% from 2015,…

Hossam Mounir

EAB forms committee to supervise its investment funds

The committee aims to improve performance of the bank's three funds and…

Hossam Mounir

Renaissance Capital plans to open Cairo office

The office is set to open once we receive the regulatory approval,…

Mohamed Samir

⁠⁠⁠⁠SFD, Hermes Leasing sign EGP 20m contract to finance small enterprises

Secretary general of the Social Fund for Development (SFD) Niveen Gamea; Ahmed…

Hossam Mounir

Banks’ foreign trade operations worth $28bn between flotation and 10 April

Documentary credits opened for $9bn, repayment of other collection and credit documents…

Hossam Mounir

Banque Misr to sign $500m loan agreement with China Development Bank

The bank has opened its representative office in Guangzhou in the framework…

Hossam Mounir

Industrial sector acquires 27.98% of bank loans

Government institutions are the second largest sector in terms of obtaining bank…

Hossam Mounir

EG Bank to hold financial inclusion seminar at Cairo University on Monday

The Egyptian Gulf Bank (EG Bank) will hold an educational seminar at…

Daily News Egypt

Banks start activities of financial inclusion week on Thursday

Negm addresses banks to be present in remote areas, clubs, and universities,…

Hossam Mounir