Latest Banking News
Amer calls for bank leaders to hold expanded meeting next Sunday
Meeting is first of its kind since Amer took office in November…
CBE has no right to reduce CEOs’ tenures under banking law: legal adviser
CBE Governor Tarek Amer surprised the banking sector by issuing a decree…
United Bank leaders deny knowledge of selling bank to strategic investor
We have not yet received any formal notification from CBE, says El-Kady
CBE, international institutions begin assessing AAIB, Banque du Caire in preparation for IPO
Timing, price, and promotion are important factors for a successful launch on…
Banks to receive 1.5-4.75% commission in return for fixed exchange rate for foreign investment
This mechanism allows foreigners to contract with banks on a specific exchange…
Are CBE’s initiatives enough to develop SMEs?
Daily News Egypt speaks to experts on how to support and develop…
CBE reduces term of executive officials in banks to 9 years
The Central Bank of Egypt (CBE) issued on Thursday a decree to…
Credit Suisse to cut further 2,000 jobs
Swiss banking giant Credit Suisse is ramping up its restructuring program in…
Restructuring PBDAC, serving farmers’ interest are top priorities: El-Kosayer
El-Kosayer to hold first meeting in the PBDAC on Wednesday; controversy surrounds…
Private banks begin raising interest rates on saving schemes in pounds
The step came after public banks raised their interest rates and an…