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

Arkan Palm receives EGP 1.5bn bank finance for 1st phase of ‘205’ real estate project

Five banks partner to provide financing, including Export Development Bank of Egypt,…

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Egypt sees 1 billion electronic banking transactions worth over EGP 2.8trn in FY 2020/21: CBE

CBE initiative for electronic payment has contributed to increasing POS terminals to…

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CIB sets Guinness World Record for most viewers of financial inclusion awareness video on YouTube

Bank’s efforts to educate youth on financial inclusion culminated in creation of…

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Egypt’s special drawing rights jump by $2.646bn in August: CBE

The Central Bank of Egypt (CBE) has revealed that the balance of special drawing…

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HDB offers EGP 12.5m to finance Elsewedy Technical Academy’s 3rd branch establishment

Partnership aims to qualify strong generation of technical education graduates

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Egypt to host IsDB annual meeting for 1st time in 30 years

Egypt has succeeded in getting the approval of the Board of Governors…

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HDB wins ‘Fastest Growing Commercial Bank’, ‘Fastest Growing Credit Card Issuer’ awards from Global Brands

The Housing and Development Bank (HDB) has been awarded "Fastest Growing Commercial…

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Hazem Hegazy named CEO of Al Baraka Bank Egypt subject to Central Bank approval

Hegazy has more than 30 years of experience in banking sector, especially…

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Banks warn against fraudulent practices following Banque Misr phishing incidents

Social media reports alleged that fraudsters claiming to be Banque Misr employees…

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