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 Chairperson, New Valley Governor open recently developed bank branch in Kharga

ABE’s top priority is to support financial inclusion, in implementation of CBE’s…

Hossam Mounir

CBE explains its reasoning for raising interest rates by 2%

MPC decided that raising policy rates is necessary to contain inflationary pressures,…

Hossam Mounir

CBE to discuss interest rates, EGP’s value on Thursday amid strong expectations of hike

The current interest rates are 9.25% for deposit, 10.25% for lending, and…

Hossam Mounir

CBE will not hesitate to take measures it deems necessary to curb inflation: CBE Governor

The governor added that negotiations with the IMF are going well

Hossam Mounir

HDB wins two awards for being most efficient bank in providing mobile and internet banking services

World Business Outlook aims to highlight the outstanding achievements of financial and…

Daily News Egypt

HSBC launches $1bn lending fund for female entrepreneurs in Egypt, 10 other markets

This comes alongside the introduction of the ‘HSBC Roar Initiative’, which enables…

Daily News Egypt

Annual urban inflation increased to 13.1% in April, highest rate since May 2019

The increase in urban inflation is attributed to strong monthly dynamics in…

Hossam Mounir

CBE replaces state employees’ payroll slips with Meeza cards

The project helps expand the use of digital banking services and supports…

Hossam Mounir

ABE keen on supporting state’s efforts to develop Upper Egyptian governorates: Chairperson

EGP 233m allocated to finance agricultural associations in Aswan

Hossam Mounir