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

Egypt’s US dollar certificates issuance positive for banks, insufficient to quell liquidity pressure: MOODY’S

The sale of US certificates for sale to Egyptian expatriates will increase…

Hossam Mounir

NBE, Banque du Caire, Banque Misr to accept subscriptions of Egyptians expats to ‘Bilady’ dollar certificate starting Tuesday

Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram said that the…

Hossam Mounir

Accountability State Authority approves financial statements of IDBEE for past 3 years

We are working to have 2015 budget approved before mid-2016, Says El-Kosayer

Hossam Mounir

AAIB celebrates first graduating class in sustainable finance programme

MOSTADAM was jointly established by the AAIB, the United Nations Development Programme…

Daily News Egypt

NBE, Banque Misr, Banque Du Caire to launch ‘Bilady’ certificates for Egyptians abroad

Certificate will be issued in dollars with three and five-year maturation periods…

Hossam Mounir

Money transfers of Egyptians working abroad may save the day for Egypt

El-Kosayer sent out invitation through DNE asking Egyptians abroad to transfer 25%…

Hossam Mounir

ADIB posts EGP 1.852bn increase in net loans portfolio

Loans portfolio at the bank increased by 1% in Q4 of 2015,…

Hossam Mounir

Banque du Caire conducts study of EGP 1.5bn investment

The bank invested EGP 1.4bn in projects related to electricity, housing, food…

Hossam Mounir

CBE finances purchase of housing for low-income earners with discounted yearly rate

Bank amends mortgage finance initiative, introduces another category of youth

Hossam Mounir