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

Al-Sabah chosen as UAB chairman, replaces Barakat

Private sector must be given larger role in the achievement of economic…

Hossam Mounir

BLOM Bank Egypt establishes asset management company in partnership with parent bank

The bank received CBE’s approval to act as the national agent for…

Hossam Mounir

BLOM Bank Egypt reveals top features of 5-year expansion plan

Bank’s goals include increasing large and small branches network, presence in Upper…

Hossam Mounir

Congo formalises Afreximbank membership to boost intra-African trade

In 2013, Afreximbank had disbursed over $ 220m to Congolese entities, says…

Shaimaa Al-Aees

EGP 2.5bn syndicated loan to Majid Al Futtaim

Alex Bank and the National Bank of Abu Dhabi will act as…

Daily News Egypt

Banque Misr inaugurates regional headquarters and new branch in Dubai, UAE

Chairman of Banque Misr Mohamed El Atriby inaugurated the Dubai branch and…

Daily News Egypt

HSBC to introduce mortgage loans in 2016

Loans to be introduced to premier clients first

Sara Aggour

HSBC’s latest report shows that 75% of Egyptians are not ready to retire: executive

The bank saw growth in its asset lending book in 2015, reaching…

Sara Aggour

CBE closes 5 exchange companies for committing violations: deputy governor

Negm said the closure of money exchange companies and revoking their licenses…

Hossam Mounir