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

UBE offers integrated system for financing journalists, launches Tahya Misr investment certificates

The bank signs a cooperation protocol with the Press Syndicate to offer…

Hossam Mounir

Egyptian Agricultural Bank launches initiative to finance livestock wealth project

We aim to finance the purchasing of one million livestock and establish…

Hossam Mounir

Government launches treasury bonds and bills for EGP 105.25bn in June

Launching 16 bills for terms of 91-364 days for EGP 99bn, 8…

Hossam Mounir

Beltone expects HDB’s net profit to exceed EGP 800m by year end

Bank’s initial 2017 budget includes deposit growth by 40%, loans by 30%,…

Hossam Mounir

CBE’s decision to raise interest rate continues to stir controversy

The decision was great and emphasised the bank’s determination to activate its…

Hossam Mounir

Barclays Egypt’s loan portfolio increases by EGP 1.7bn in Q1 2017

The bank's net profit after taxes reached EGP 258m at the end…

Hossam Mounir

NBE to own 27.3% loan volume, 27.2% deposit volume of Egyptian market by end of December 2016

Financial position increased by EGP 409.7bn during the first half of fiscal…

Hossam Mounir

United Bank provides EGP 200m to finance small and micro enterprises: chairperson

Bank launched Intlaka programme​ for financing small and micro enterprises in increasing…

Hossam Mounir

Increase of HDB loan portfolio to EGP 10bn in late March 2017: chairperson

The bank is still awaiting the CBE's approval to separate real estate…

Hossam Mounir