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

CIB participates in Egypt’s 3rd Green Economy Forum

Bank serves as event’s Sustainable Finance Partner, showcases 4 green finance programmes

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HSBC commits funding to Egypt coastal ecosystem restoration project

The partnership is taking place with the World Resources Institute (WRI), the…

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12 banks in Egypt report EGP 6.495bn net profits during Q1 2021

CIB accounts for 44.27% of 12-bank profits, whilst HDB ranks second with…

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Banque du Caire reports EGP 1bn in net profit in Q1 2021

Bank continues positive business results supported by ambitious plans, strategies it was…

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Egypt’s interest rates expected to remain unchanged for 5th consecutive CBE meeting

Urban inflation may rise gradually from 4.1% on an annual basis in…

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ADIB-Egypt forms tri-party cooperation to launch pre-paid ‘Khazna Meeza’ card

New card will extend mobile financial services to underserved, unbanked segments of…

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Supporting entrepreneurship, MSMEs among Central Bank of Egypt’s priorities: Sub Governor

CBE has facilitated procedures for granting finance without approved financial statements

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Egypt’s SMEs Development Agency, Banque Misr sign EGP 500m micro-enterprises finance

10,000 micro-loans will be provided across Egypt, with maximum of EGP 250,000…

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Egyptian government, banking sector take strong action to support MSMEs

National Bank of Egypt receives $100m from European Investment Bank to support…

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Afreximbank equips Banque du Caire with $200m intra-African finance

Facility is designed to finance Banque du Caire’s expansion across Africa

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