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 holds hope on Banque du Caire to support microenterprises: Amer

The bank injected 1.5 million loans to project owners until the end…

Hossam Mounir

Banks obliged to separate microfinance from retail loans

Trial project between civil associations and banks to benefit from digital services…

Hossam Mounir

CBE calls on banks to introduce credit-rating system to evaluate micro-financing institutions

We have been studying ways to strengthen this sector, which is one…

Hossam Mounir

1.8m people benefited from microfinance loans until the end of 2016: Samy

Volume of funding provided by these bodies increased to EGP 4.5bn, trade…

Hossam Mounir

Law controlling work of microfinance companies encourages banks to finance them: Ghada Waly

The CBE's initiative supports these bodies before international financing institutions, young people…

Daily News Egypt

EMF seeks to increase customers to 10 million at total funding of EGP 30bn within four years: chairperson

The EMF includes eight banks, three companies, 752 institutions, and a civil…

Hossam Mounir

Banks ignore CBE decision to raise interest, keep rates unchanged

Next increase may be on short-term vessels, interest on certificates will not…

Hossam Mounir

Raising interest on the pound is for the benefit of all: CBE governor

The CBE does not consider specific entities when making decisions, Amer said…

Hossam Mounir

Investors believe raising interest rate is wrong, expert says it could control the economic situation

The Monetary Policy Committee (MPC) announced on Sunday raising the discount rate…

Hisham Salah

Banks tend to maintain interest rates unchanged despite CBE’s 2% hike

Government banks offer highest return on savings in the local market and…

Hossam Mounir