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

Central Bank of Egypt expected to maintain base interest rates next Thursday

Main factor affecting direction of interest rates on Egyptian pound is inflation…

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Financial position of banks in Egypt approaches EGP 7trn in October 2020: CBE

Banks’ total capital reaches EGP 174.592bn, reserves EGP 314.082bn, provisions to nonperforming…

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CIB wins 2021 Best Trade Finance, Best Cash Management Service Providers in Egypt awards

Awards were part of annual survey conducted by Global Finance magazine, which…

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AAIB lends Libra Capital EGP 200m to finance renewable energy purchase agreements

Agreements cover design, financing, installation, and operation of solar energy stations

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Egypt launches foreign exchange trading with instant settlement system on 22 March

New system shortens time frame to execute payments in foreign currencies between…

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Middle East businesses eyeing better ESG encouraged to sign up to Living Business

The programme, organised by Globally, Get in the Ring and HSBC, aims…

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CIB Chief Sustainability Officer joins IIF ESG Webinar Series as featured speaker

Dalia Abdel Kader discussed sustainable finance efforts in emerging markets

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Banque du Caire to launch e-payment firm in support of digital transformation, financial inclusion: Chairperson

Bank has come long way in digital transformation, becoming top priority since…

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Egypt’s net international reserves increase to $40.2bn in February: CBE

FX reserves increase by about $363m to $35.905bn in February

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HDB reports EGP 2bn in profits over FY 2019/20 despite COVID-19

Bank managed to implement strategic plan through which it seeks to be…

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