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

CBE Governor meets international financing institutions officials during IMF meetings

Tarek Amer, the Governor of the Central Bank of Egypt (CBE), had…

Hossam Mounir

QNB ALAHLI loans increased to EGP 99.617bn, deposits reached EGP 159.795m YTD

Total assets increased to EGP 195.780bn, up 3% from December 2016

Hossam Mounir

MIDB injected EGP 150bn in its capital

We target to achieve a growth rate of 25% in all indicators…

Hossam Mounir

Banks acquired 74 of outstanding treasury bills in January 2017

Foreigners’ investments in state debt instruments increased to EGP 79bn in first…

Hossam Mounir

Household sector accounts for 75% of deposits at banks in December

It is very normal that individuals' share in deposits is higher than…

Hossam Mounir

United Bank aims to increase real estate finance portfolio to EGP 300m

The portfolio's volume now is EGP 110m, but contracts to fund 11…

Hossam Mounir

AIB’s loan portfolio increased to EGP 9bn by end of 2016

The bank has achieved more than 100% growth in business volume, says…

Hossam Mounir

Banking sector to rise up for supporting SMEs

EGP 101bn finances granted from banks to this sector so far, says…

Hossam Mounir

“Blom Egypt for Financial Investments” starts its activities in May

The paid capital of the company amounts to EGP 10.25m and the…

Hossam Mounir