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

Why India’s central banker is a matter of hot political debate

Raghuram Rajan, the acclaimed governor of the Reserve Bank of India, has…

Deutsche Welle

NBE raises interest rate by 1% on savings accounts, 0.75% on deposits

Banque Misr may approve a limited increase of the interest rate on…

Hossam Mounir

Cartel Capital promotes creation of electronic banking services platform in Middle East

Cartel Capital in the Middle East and North Africa will begin a…

Mohamed Ahmed

Absence of coordinating council in decision to increase interest rates

The CBE’s accompanying report on the decision was issued without Al-Mashat’s signature…

Hossam Mounir

Strong expectations about pound devaluation by CBE after raising interest rates

Analysts warn about the negative impact on inflation rate if the step…

Hossam Mounir

Increasing interest rates: controlling inflation or increasing deficit and debt burden?

The government’s current debt is projected to reach 11.5% (EGP 309bn) in…

Mohamed Samir

Banks to hold meetings on Sunday on the fate of interest rates following CBE decision

Banks will watch the decision’s impact’s yield on treasury bills and bonds…

Hossam Mounir

Household sector acquires 62.68% of total deposits in banks in March

Household sector adds about $2.8bn to its foreign exchange deposits, increases its…

Hossam Mounir

Increase in interest rate threatens ability to attract investments, wastes opportunities

The deflationary policy will increase inflation and production costs will climb, says…

Mohamed Alaa El-Din

Industrial sector acquires 28% of bank loans in March

Most loans in the banking sector worldwide are granted to the industrial…

Hossam Mounir