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

Standard & Poor’s positive outlook on Egypt reflects well on investment: Economist

Agency raised Egypt's economic outlook from stable to positive, affirming long- and…

Menna Samir Menna Samir

CIB records 47% revenue increase, 38% net profit increase in Q1

Bank said growth was driven by increase in non-interest income on increased…

Doaa Farid Doaa Farid

CBE, EFSA cooperate for financial education programme

The proportion of Egyptians dealing with banks is 10%, says EBI executive…

Shaimaa Al-Aees Shaimaa Al-Aees

Piraeus Egypt has highest retail banking portfolio growth for 2014

The slowdown rate in Piraeus Bank-Egypt’s credit portfolio has declined, according to…

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33 killed after 2 tourist buses collide in Sinai

Prosecution team has moved to the scene to find out the reason…

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Foreign reserves fall $200m

International foreign currency reserves record $17.28bn in May, down from $17.48bn in…

Doaa Farid Doaa Farid

AFDB approves $50m CIB risk participation agreement

Agreement aids in addressing critical market demand for trade finance in Africa,…

Sara Aggour Sara Aggour

World Bank watches unfolding of political situation with great concern: Bank president

World Bank has helped finance several projects in various sectors during the…

Sara Aggour Sara Aggour

CBE leaves key overnight rates on hold

Reuters - Egypt's central bank kept its official interest rates on hold as expected…

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Qatar’s Masraf Al Rayan buys Islamic Bank of Britain

Reuters - Masraf Al Rayan, Qatar's largest sharia-compliant bank by market value, said on…

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