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

NBE and PBDAC sign cooperation protocol to serve clients of both banks

This protocol will enable the NBE to install ATM machines at PBDAC…

Daily News Egypt

Italian banks battered after ECB warns MPS about bad loans

The financial crisis is coming back to roost in Italy after warnings…

Deutsche Welle

Opinion: The downfall of an institution

The once-proud Deutsche Bank is now threatening the global financial system. Things…

Deutsche Welle

$26m increase in CBE’s foreign exchange reserves in June

The value of gold included in the reserves increased to $2.602bn in…

Hossam Mounir

CBE to reveal its foreign exchange reserves this week

Debt repayment to Qatar and Paris Club countries is likely to impact…

Hossam Mounir

Banks ignore CBE’s interest rate increase

CBE will not keep current rates and may be reversed in three…

Hossam Mounir

Banks begin monitoring debit card transactions abroad

Misused debit cards will be suspended immediately, says the head of one…

Hossam Mounir

UK’s growth to decrease 0.5% in 2016 following Brexit: FocusEconomics

The FocusEconomics consensus expects the UK economy to grow 0.3% in 2017

Shaimaa Al-Aees

Deutsche Bank, Santander fail US stress test

Deutsche Bank, Santander have repeatedly failed the test in the wake of…

Deutsche Welle