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

EGP 12.246bn increase in banks’ deposits, EGP 16.8bn in loans last April: CBE

The CBE added that the household sector acquired EGP 75.9bn out of…

Daily News Egypt

Dollar to officially jump to EGP 8.01: Dcode EFC

Widening gap between Egyptian, foreign inflation rates, decrease of Euro exchange rate…

Mohamed Ayyad

Dollar price against Egyptian pound stabilises, market anticipates CBE’s next step

CBE moved to raise the dollar to limit imports, says CBE Governor…

Daily News Egypt

CBE continues decreasing pound’s value against dollar

A further 10 piasters reduced against the US dollar to 7.83EGP

Daily News Egypt

Banque Misr to support science centre in Children’s Civilisation and Creativity Museum

Banque Misr stresses its keenness on contributing to all projects that encourage…

Daily News Egypt

Four bank representatives in Egyptian Union for Real Estate Financing board

 The federation also includes four representatives OF real estate companies affiliated to…

Daily News Egypt

AAIB assets increase to EGP 91bn by end of March

The fund portfolio for companies at the bank reached EGP 31.4bn by…

Daily News Egypt

NBG-Egypt ‘not affected’ by Greek banking crisis

Bank is only representative of Greek banks in Egypt after exit of…

Daily News Egypt

Ambiguity surrounds CBE’s decision to raise dollar price by 10 piasters

Analysts await CBE’s next step, expecting an increase in commodity prices

Daily News Egypt

NBG-Egypt continues activities unaffected by Greek banks’ closure

"We work under the umbrella of the CBE and our clients did…

Daily News Egypt