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 fined for violating US sanctions

Deutsche Bank will have to pay hundreds of millions of dollars for…

Deutsche Welle

UAB holds 20th Annual Banking Conference in Beirut

The Union of Arab Banks (UAB) will hold the 20th edition of…

DNE
DNE

Only 2% of total individual payments paid electronically in Egypt

Electronic individual payments can increase by 20% in seven years if supported…

Hossam Mounir

Standard Chartered plans job cull on third-quarter loss

Asia and Africa-focused British lender Standard Chartered has announced massive job cuts…

Deutsche Welle

Banque du Caire increases branches, banking units to 231

Bank opened six new branches and banking units, plans to expand in…

Hossam Mounir

CBE keeps interest on EGP in latest meeting of MPC in Ramez’s time

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…

Hossam Mounir

Deutsche Bank cuts thousands of jobs as it posts historic loss

Germany's biggest lender has posted a historic loss as the bank continues…

Deutsche Welle

CBE will discuss future of interest rate on EGP

According to analysts, MPC is highly expected to keep the major interest…

Hossam Mounir

EGP 20.89bn in net profit in Egyptian market in June: CBE

Report shows results of different local and international operations throughout banks

Hossam Mounir

Credit cards increase to 2.575 million by end of June: CBE

16.242m debit cards issued by banks operating in Egyptian market until mid-2015…

Hossam Mounir