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

ABE, Governor of Alexandria discuss investment opportunities, inaugurate the latest branches in the governorate

This cooperation would entail supporting development projects, stimulating the production climate, and…

Daily News Egypt

Legal merger between FAB and Audi – Egypt concludes

From now on, the two banks will be treated as one legal…

Hossam Mounir

HSBC pledges EGP 1bn in loans for tech entrepreneurs

New pledge is HSBC’s third high growth SME lending proposition in 6…

Hossam Mounir

CBE to issue $540m worth treasury bills on Monday

New issuance’s proceeds will be pay off previous bid that was put…

Hossam Mounir

Suez Canal Bank achieves net profit of EGP 96m in 1Q 2022

Loan portfolio, customer facilities grow by 9%

Shaimaa Raafat

ABE injects EGP 1bn to stimulate agricultural, livestock investment in New Valley

The bank will not hesitate to support the state’s efforts to achieve…

Hossam Mounir

Volume of Islamic banking in Egypt increased to EGP 434bn in March

Faisal Bank came in first place with a turnover worth EGP 137bn

Shaimaa Raafat

New savings certificates aim to enhance bank’s long-term, fixed-return savings products: CIB

Customers will be given new options to encourage them to start their…

Daily News Egypt

Egypt’s HDB records 7.8% growth, total profits of EGP 878m in 1Q 2022

Chairperson says plans for growth, development of HDB lead to rapid growth…

Hossam Mounir

ADCB – Egypt sees sturdy jump in net profits of 68% in 1Q 2022

Bank achieves tangible progress in implementing its five-year strategy to enhance brand…

Daily News Egypt