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

NBE launches ‘B2B’ e-payment service for corporates

Bank aims to expand e-payments in line with Central Bank’s direction towards…

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Tripartite cooperation to launch FAB – Lucky Visa Platinum Credit Card

New product to facilitate issuing credit cards for customers via Lucky Egypt…

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CBE launches EGP 5.5bn initiative to finance transition to modern irrigation

Initiative targets switching 4 million feddan to modern irrigation through loans from…

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CIB launches ‘Bedaya’ accounts to enhance financial inclusion in Egypt

New product aims to facilitate managing business finances for companies, self-employed individuals…

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CIB, IFC move forward with Green Bond programme

Ongoing cooperation between both sides amounts to $70m

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Islamic banking in Egypt valued at EGP 407bn in September 2021

Faisal Islamic Bank of Egypt in first place with turnover of EGP…

Hossam Mounir Hossam Mounir

CBE directs banks to increase operation financing for companies in light of global prices hike

CBE Governor urges banks to end financial disputes with companies, individuals

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ADCB – Egypt, SAS launch real-time AI system to combat fraud

New system is an important step towards achieving the bank’s strategy of…

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Suez Canal Bank reports net profits of EGP 377m in September 2021

Bank’s total financial position increased to EGP 57bn in September from EGP…

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saib registers $14.167m net profits in September 2021

The bank’s interest income recorded $299.5m in September 2021, compared to $302.3m…

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