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

Central Bank of Egypt removes foreign currency transfer limits

The move could spur foreign investments to Egypt, says Tarek Amer

Elsayed Solyman

Afreximbank signs loan to Banque Misr worth $200m next week

The African Export-Import Bank’s (Afreximbank) board of directors approved granting a loan…

El Husseiny Hassan

Banknote issuance to GDP increases to 12.68% in February: CBE

CBE issued banknotes of EGP 411.559bn in February, compared to EGP 405.416bn…

Hossam Mounir

Egypt is staying the course: Deutsche Bank

Egyptian authorities reached staff-level agreement with IMF on first review under $12bn…

Hossam Mounir

SMEs Development Authority signs 6 micro finance projects in 5 governorates

Contracts benefit 1,300 people from Cairo, Minya, Qena, Menoufia and Sohag: Gamea

Daily News Egypt

CBE, EFSA sign agreement to enhance financial inclusion in Egypt

Sharm El-Sheikh will host an international conference on financial inclusion on 17…

Hossam Mounir

Banque du Caire marks profits of EGP 3.3bn in 2016, up 18% from 2015: chairperson

Bank’s profits are operating profits resulting from the expansion of all banking…

Hossam Mounir

Arab Investment Bank aims to boost SME portfolio to EGP 12.3bn by end 2018: chairperson

Bank achieved 70% growth in profits, 85% increase in deposits, and 67%…

Hossam Mounir

Deposits in QNB are Safe: Amer

Cutting diplomatic relations with Qatar has no effect on bank’s activities in…

Hossam Mounir

CBE completes electronic linking system with COMESA banks

The project is a new positive step towards supporting Egyptian economic relations…

Hossam Mounir