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 plans to borrow EGP 281.5bn from banks in coming 3 months

Finance ministry to issue treasury bills worth EGP 199.5bn, bonds worth EGP…

Hossam Mounir

Foreign investments in Egyptian treasury bills amount to EGP 500m in June 2015: CBE

Foreign investment in government debt instruments is too little compared to before…

Hossam Mounir

24.4% increase in banks’ net value added in FY 2013/2014: CAPMAS

81% decline in banks’ value of savings during FY 2013/2014

Shaimaa Al-Aees

Private sector acquires 61.9% of commercial credit facilities: CBE

The total facilities granted to the government by banks until the end…

Hossam Mounir

Banque Misr provides EGP 500m bridge loan to GASC until EGP 2bn loan is finalised

21% increase in loans and bank deposits until end of June 2015,…

Hossam Mounir

FEB spreads banking awareness among students: El-Etreby

El-Etreby added that the FEB has adopted an initiative under the name…

Hossam Mounir

CBE governor, FEI representatives discuss industry problems

This year is the one most challenging years for monetary policy, says…

Sara Aggour

Egypt main contributor of Afreximbank with $500m

Mubarak was the only African president who encouraged the establishment of such…

Shaimaa Al-Aees

Financial inclusion in Egypt needs improvement: El-Khouly

The CBE needs to encourage greater financial inclusion, in addition to its…

Daily News Egypt

CBE conducts survey to determine financial excluded

Study aims to identify the reasons of financial exclusion, as well as…

Hossam Mounir