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

EFG Hermes revenues up 10% y-o-y

Increase due to higher fee, commission income, rising contributions from leasing business,…

Daily News Egypt

Finance Ministry chooses Dechert to offer US dollar bonds abroad

7 global law firms submitted bids, says government source

Ahmed Farahat

Return to normal demand on US dollar in informal market

CBE allocates the value of Tuesday’s tender to cover imports of medicines,…

Hossam Mounir

Egypt pays $2.25bn of external debt in July: CBE

Foreign exchange reserves dropped $2bn in July, reaching lowest point since January…

Hossam Mounir

The transformation and decline of Deutsche Bank

Shares of Deutsche Bank and Credit Suisse have been dropped from the…

Deutsche Welle

Government banks rely on own resources to obtain US dollars, not on CBE tenders: head of Banque du Caire

Banque du Caire, along with all state-owned banks, does not obtain its…

Hossam Mounir

Banque du Caire enhances its role in social responsibility in 2015: El-Nahas

The bank launched numerous humanitarian initiatives, most importantly the charity convoys that…

Hossam Mounir

Banque du Caire aims for 10-12% growth in loan portfolio by year’s end: Financial Sector manager

The bank aims to increase its deposit portfolio to EGP 91bn, says…

Hossam Mounir

Banque du Caire aims to become the strongest bank supporting SMEs: CEO

Banque du Caire seeks to become the strongest bank operating in the…

Hossam Mounir

Banque du Caire to remain under state control after increasing its capital by 20% on EGX: chairperson

The bank will continue its role in serving the economy, even after…

Hossam Mounir