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

EGP 11.7bn funding portfolio of corporate finance in Abu Dhabi Islamic bank by end of June 2017

EGP 1bn allocated to fund SMEs, local retail portfolio increases to EGP…

Daily News Egypt

FEB receives final notes on new banks law on Sunday

Members are approaching consent on the new law: senior banker

Hossam Mounir

Will inflation force CBE to increase pound interest rate on Thursday?

MPC holds its fifth meeting on Thursday to look into the destiny…

Hossam Mounir

Did CBE miscalculate including part of hot money within foreign exchange reserves?

A debate among analysts about the CBE's inclusion of foreign investment in…

Hossam Mounir

Banks’ capital increases by EGP 13.74bn in April: CBE

The increase came as a result of using a part of the…

Hossam Mounir

Industry accounts for 35.9% of total credit facilities granted by banks until end of April: CBE

The services sector came in second place, followed by the commercial sector,…

Hossam Mounir

Unstable dollar price behind fluctuation in banks’ deposits, loans after flotation: CBE

Most banking indicators experience a rise and fall every month because of…

Hossam Mounir

Only 3 banks provide direct loans to finance tourism trips in Egyptian market

Banque Misr, AIBK, Al Baraka launch special programmes for these loans within…

Hossam Mounir

AIBK signs cooperation protocol with Chinese TEDA SE ZONE Development operating in SCZone

The bank soon will sign a cooperation protocol with the SIDC to…

Daily News Egypt

HDB offers various services through 2 branches, 4 ATMs

The bank is unique in granting real estate finance to customers who…

Daily News Egypt