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

Cash on delivery drops 85% as consumer trust in digital payments continues to rise: Visa

Egyptian consumers increasingly stepping away from cash, and putting trust in digital…

Daily News Egypt Daily News Egypt

Arab Banking Corporation offers to acquire BLOM Bank – Egypt

ABC wants to buy up to 300 million shares of BLOM Bank…

Hossam Mounir Hossam Mounir

Egypt is vitally important for expansion in emerging markets: Citibank

Citi sees Egypt as a very important and critical country among emerging…

Nehal Samir Nehal Samir

Central Bank of Egypt directs local market to abide by sustainable financing principles

Achieving SDGs requires banks directing financing to more sustainable economic activities

Daily News Egypt Daily News Egypt

Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt

Continued rollout, development of vaccines is expected to support global economic recovery

Hossam Mounir Hossam Mounir

Egypt’s Central Bank issues guiding principles for sustainable financing

Principles are important step in supporting Egypt’s development efforts, plans to achieve…

Hossam Mounir Hossam Mounir

Egypt’s inflation to hover around midpoint of target 7% in Q4 of 2022: Central Bank

Monetary Policy Committee’s decisions regarding interest rate have been appropriate, consistent with…

Hossam Mounir Hossam Mounir

Banking consortium offers EGP 962m syndicated loan to open branches of European universities in Egypt

Banking consortium is comprised of National Bank of Egypt (EGP 462m), Egyptian…

Daily News Egypt Daily News Egypt

HSBC named Best Investment Bank in Egypt by Euromoney

HSBC has been named as the Best Investment Bank in Egypt at…

Hossam Mounir Hossam Mounir

Egypt is strategic economic partner for France: Crédit Agricole Egypt MD

Credit Agricole is definitely well positioned to promote investment in Egypt, facilitate…

Hossam Mounir Hossam Mounir