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

Dollar price to break EGP 8 barrier in banks for first time

Price reaches EGP 8.40 in black market, which is in complete paralysis…

Hossam Mounir

Pound depreciation has limited impact on budget deficit: Economists

Government forecasts on the deficit will not be achieved and will jump…

Mohamed Ayyad

Banque Misr considers financing major sectors with EGP 43.5

Bloomberg awards the bank for being the best in marketing joint loans…

Hossam Mounir

More than EGP 39bn increase in volume of deposits in July: CBE

Banks support their allocations to meet doubtful loans and reduce its investments…

Hossam Mounir

Dollar rise amplifies prices of basic items

CBE decisions are against the interest of citizens, says head of Citizens…

Doaa Farid

Pound’s value drops by 10 piasters against US dollar

The dollar value had been stable for around 100 days

Sara Aggour

NBK-Egypt, Mortgage Finance Fund sign deal for low-income citizens

During the signing of the agreement with Head of the Mortgage Finance…

Hossam Mounir

National Bank of Egypt and EBRD launch programme for businesswomen in Egypt

The launch ceremony reviewed the financial and non-financial service packages that will…

Daily News Egypt

Ambiguity surrounds CBE governor’s fate as his term comes to close

Mohamed Barakat, Tarek Amer tipped as potential replacements for Ramez

Hossam Mounir

Letter of intent for €80m signed by CIB, French Development Agency Group

CIB and AFD aim to finance and promote climate and environment benefiting…

Hossam Mounir