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

Basic system for agricultural banks merger to be set up in two months: EAB head

We consult with the Minister of Agriculture and the CBE governor to…

Hossam Mounir

Fayed as CEO and managing director, Sadek as non-executive chairperson for Audi Bank Egypt

The bank reveals its business results on Monday, initial indications suggest achieving…

Daily News Egypt

Banque Misr injected EGP 869m to finance housing of 10,309 medium and low income clients

The bank injects more than EGP 5bn to finance environment-friendly energy production…

Daily News Egypt

Market awaits changes in bank leadership in mid April

Banks will present their recommendations to the CBE’s governor, since the law…

Hossam Mounir

State has to work to increase foreign exchange resources: IDWBE chairperson

Exchange rate is set by supply and demand, increasing volatility of balance…

Hossam Mounir

NBE increased its capital by EGP 26.4bn since June 2008: chairperson

We continue to strengthen the financial position of the bank and increase…

Hossam Mounir

Banks resilient in face of challenges Egypt witnesses: UAB

Egyptian banks are still operating well and achieved growth in most areas

Hossam Mounir

20% increase in loans, 15% more deposits at Al Baraka Bank: Beltone

Foreign currency loans account for 25% of loans, while deposits in foreign…

Hossam Mounir

Increase of EGP 63.8bn in loans, EGP 51bn in deposits at Banque Misr

Bank achieved the highest profits in its history, a total of EGP…

Hossam Mounir