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

Deutsche Bank to co-operate with Libor probe

Berlin (AFP) - Deutsche Bank wants to cooperate with European investigators probing…

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National Bank of Egypt leads in transaction banking

By Ayat El-Battawy Transaction banking is the backbone of the banking industry.…

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Barclays moves to repair ‘devastating blow’ to reputation

Barclays said that Agius, who has chaired the bank for six years,…

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Banque Misr receives sizeable capital injection

the government decided to provide an EGP 6.3 billion capital injection to…

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NCR establishes centre for ATM monitoring

Company sold 900 machines in 2011, company’s machines account for 91% of…

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Moody’s downgrade gives edge to safe-haven banks

(Reuters) - Major ratings downgrades by Moody’s will further divide the world’s…

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Banks push to secure offices and ATM machines

All banks in Cairo undertook efforts to secure their facilities as they…

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Dissolution of Parliament brings back IMF deal

Despite what Egypt has been undergoing over the previous year and a…

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The Egyptian Arab Land Bank: EGP 2bn in funding for individuals

It is hoped that both the credit portfolio and deposits will increase…

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Tourism decline hits HSBC

HSBC has shut down two of its branches recently in Sharm el-Sheikh…

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