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

Net foreign assets in banking sector rise EGP 20.991bn in December 2020

Household sector added EGP 643.108bn in local currency deposits during 2020

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National Bank of Egypt adds NIB’s investment certificates to its savings vessels: Official

Net sales of former NIB’s certificates stood at about EGP 435bn in…

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Bank Audi – Egypt reports EGP 10bn increase in assets, deposits during 2020

Bank Audi – Egypt has revealed that its total assets rose to…

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Digital banking transactions through CIB’s Mobile Banking jump to EGP 53bn in 2020

CIB presents 2020 digital transformation results amid COVID-19

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Egyptian Arab Land Bank seeks partnerships with real estate developers to utilise assets: Chairperson

Bank’s SMEs, retail banking portfolios increase to EGP 5.8bn, EGP 1.9bn respectively

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CIB, City Edge sign cooperation protocol providing EGP 1bn for housing units

Bank to provide payment facilities to City Edge customers, mainly mortgage finance…

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Agricultural Bank of Egypt to settle EGP 6.3bn in bad debt for 238,000 farmers

Initiative includes EGP 3.9bn for principal debt and EGP 2.4bn for accumulated…

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National Bank of Egypt records EGP 1.8trn deposits, EGP 866bn loans in 2020

Bank’s customer base rises to 15.4 million, of whom 5.4 million subscribers…

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HSBC launches Sustainable, Transition Finance Team in Middle East

Team will help institutions, corporates, and individuals’ transition to more sustainable economy

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Abu Dhabi Commercial Bank – Egypt achieves 14% net profit growth in 2020

Bank eyes continued expansion in Egyptian market, targeting 25% growth rate by…

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