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

Tanmeyah, Banque Misr partner to issue Meeza cards for microenterprises

Agreement contributes to state's efforts to transform into cashless society

Daily News Egypt

Central Bank of Egypt sets unified definitions for active, dormant bank accounts

Banks to be allowed to close accounts in case of year-long inactivity…

Hossam Mounir

Central Bank of Egypt explains reasons for fixing interest rates for 6th consecutive time

Initial indicators show continued improvement in most economic sectors: Monetary Policy Committee

Hossam Mounir

Egypt’s interest rates expected to remain unchanged for 6th consecutive Central Bank meeting

Inflation trends in coming months will see increase but within CBE’s new…

Hossam Mounir

Egypt’s bank deposits in local currency increase by EGP 376.1bn during H1 2021

Deposits in foreign currency reach equivalent of about EGP 650.870bn in June…

Hossam Mounir

ADCB appoints Inès Kadri as Head of Communications, Sustainability, Customer Satisfaction

Kadri has over 20 years of banking experience, during which she has…

Hossam Mounir

CIB submits request to increase issued capital to EGP 19.7bn

The higher figure reflects an increase of EGP 4.92bn, and compares to…

Daily News Egypt

Tamweely injects EGP 3.6bn of funds to over 141,000 clients

Company plans to expand network to 100 branches by 2021 end

Hossam Mounir