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

HDB offers EGP 12.5m to finance Elsewedy Technical Academy’s 3rd branch establishment

Partnership aims to qualify strong generation of technical education graduates

Daily News Egypt

Egypt to host IsDB annual meeting for 1st time in 30 years

Egypt has succeeded in getting the approval of the Board of Governors…

Daily News Egypt

HDB wins ‘Fastest Growing Commercial Bank’, ‘Fastest Growing Credit Card Issuer’ awards from Global Brands

The Housing and Development Bank (HDB) has been awarded "Fastest Growing Commercial…

Hossam Mounir

Hazem Hegazy named CEO of Al Baraka Bank Egypt subject to Central Bank approval

Hegazy has more than 30 years of experience in banking sector, especially…

Hossam Mounir

Banks warn against fraudulent practices following Banque Misr phishing incidents

Social media reports alleged that fraudsters claiming to be Banque Misr employees…

Hossam Mounir

Commercial International Bank offers Cashback credit card

Cashback credit card allows customers to receive up to EGP 500 cashback…

Daily News Egypt

saib Bank reports $33.6m EBIT in H1 2021

Bank maintains strong growth despite COVID-19 pandemic challenges

Daily News Egypt

Housing and Development Bank achieves 10.8% PBT growth to EGP 1.45bn in H1 2021

Bank continues to achieve positive growth due to continuous support of development,…

Hossam Mounir

Abu Dhabi Commercial Bank – Egypt reports net profit rise of 83% in H1 2021

Bank continues expansion plans, emphasises brand, and finalises measures to raise capital:…

Hossam Mounir