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

Banks must adhere to risk management system: CBE

Banking is most supported sector following 2011 revolution, owing to banking reform…

Hossam Mounir

Amer calls for bank leaders to hold expanded meeting next Sunday

Meeting is first of its kind since Amer took office in November…

Hossam Mounir

CBE has no right to reduce CEOs’ tenures under banking law: legal adviser

CBE Governor Tarek Amer surprised the banking sector by issuing a decree…

Hossam Mounir

United Bank leaders deny knowledge of selling bank to strategic investor

We have not yet received any formal notification from CBE, says El-Kady

Hossam Mounir

CBE, international institutions begin assessing AAIB, Banque du Caire in preparation for IPO

Timing, price, and promotion are important factors for a successful launch on…

Hossam Mounir

Banks to receive 1.5-4.75% commission in return for fixed exchange rate for foreign investment

This mechanism allows foreigners to contract with banks on a specific exchange…

Hossam Mounir

Are CBE’s initiatives enough to develop SMEs?

Daily News Egypt speaks to experts on how to support and develop…

Hossam Mounir

CBE reduces term of executive officials in banks to 9 years

The Central Bank of Egypt (CBE) issued on Thursday a decree to…

Hossam Mounir

Credit Suisse to cut further 2,000 jobs

Swiss banking giant Credit Suisse is ramping up its restructuring program in…

Deutsche Welle

Restructuring PBDAC, serving farmers’ interest are top priorities: El-Kosayer

El-Kosayer to hold first meeting in the PBDAC on Wednesday; controversy surrounds…

Hossam Mounir