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

Government banks rely on own resources to obtain US dollars, not on CBE tenders: head of Banque du Caire

Banque du Caire, along with all state-owned banks, does not obtain its…

Hossam Mounir

Banque du Caire enhances its role in social responsibility in 2015: El-Nahas

The bank launched numerous humanitarian initiatives, most importantly the charity convoys that…

Hossam Mounir

Banque du Caire aims to become the strongest bank supporting SMEs: CEO

Banque du Caire seeks to become the strongest bank operating in the…

Hossam Mounir

Egyptian Gulf Bank scores net profits of EGP 240.6m in H1 of 2016

The Egyptian Gulf Bank (EGB) achieved net profits of EGP 240.6m during…

Daily News Egypt

Banque du Caire profits increase by EGP 690m in 2015: El-Zahid

All of the bank's profits resulting from real operations, not the product…

Hossam Mounir

NBE finances 47,000 SMEs with EGP 28bn as of end of June

Bank aims to increase volume of provided SME funds to EGP 72bn…

Hossam Mounir

Stabilising US dollar exchange rate, CBE confuses dollar holders once again

The CBE directed banks to allocate foreign currency for imports of medication

Hossam Mounir

US dollar loses EGP 0.10 on informal market reaching EGP 12.40

Informal market started lowering the selling prices of the US dollar after…

Adel M. Fakhry