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

$548m increase in Egypt’s international  reserves in 4 months: CBE

International reserves record $34.551bn in April 2023, compared to $34.003bn in December…

Hossam Mounir

4.2 million tonnes of fodder supplies worth $2bn released from ports: Minister of Agriculture

He affirmed that the release of fodder requirements is continuing in coordination…

Daily News Egypt

4 banks participate in 6th phase of lump-sum export subsidy dues payment

Banks are NBE, Banque Misr, Banque du Caire, and Export Development Bank

Hossam Mounir

Banks wait for signal to include tourism in industry support initiative

Prime Minister allocates EGP 10bn to tourism sector, bringing value of initiative…

Hossam Mounir

MIDBANK offers EGP 1bn in finance to major projects in various sectors during 2H 2022

Bank provides latest comprehensive, innovative banking services targeting various customer segments: Amani…

Hossam Mounir

3 state-run banks lead savings certificates market with record-yield vessels

Banks increased yield on savings certificates after Central Bank raised its basic…

Hossam Mounir

Financial inclusion reaches 64.8% in 2022: CBE 

42.3 million citizens own, use transactional accounts, of whom 18.3 million are…

Hossam Mounir

Bank crashes won’t turn into repeat of 2008 crisis, says expert

There may be vulnerabilities to the rise in interest rates if it…

Xinhua

Private banks in Egypt issue high-yield savings certificates

CIB offers 3-year certificate with a return of 22%, QNB Alahli raises…

Hossam Mounir

Hassan Ghanem re-elected as chairperson of HDB 

Ghanem’s new term in office will last from March 2023 to March…

Daily News Egypt