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 launches new package of services to support digital banking strategy: Ghanem

The bank achieved a breakthrough in the field of digital transformation, launches…

Hossam Mounir

Banking alliance led by NBE grants EGP 12.5bn to Canal Sugar Company

Al-Ahly Capital contributed with a direct investment of EGP 1.62bn, provided foreign…

Hossam Mounir

USD loses more than 11 piasters, records EGP 18.3289 for purchase and EGP 18.4183 for sale

Wednesday saw a collective decline in the prices of major currencies against…

Hossam Mounir

US dollar continues trading at EGP 18.44 for purchase, EGP 18.52 for sale on Sunday

Official price of American currency at CBE records EGP 18.43 for purchase,…

Hossam Mounir

Egypt expected to raise interest rates after US Fed decision

CBE awaits inflation data to determine extent of increase

Hossam Mounir

‘Khazna’ obtains CBE’s approval to launch prepaid card in partnership with ADIB

Khazna card allows money withdrawal and deposit, online payment, and payroll.

Hossam Mounir

CBE releases core set of financial inclusion indicators

36.8m citizens own transactional accounts, including 16m women

Hossam Mounir

Egypt looks forward to US Export-Import Bank providing low-cost finance for green projects: Finance Minister

Cairo targets increasing joint cooperation with EXIM Bank in financing development projects,…

Hossam Mounir

CIB – Egypt reports 1Q 2022 consolidated net income of EGP 4.24bn

In a statement, the bank’s management commented that “1Q 2022 ended on…

Hossam Mounir

Bank deposits increase to EGP 6.549trn in January 2022: CBE

Credit facilities increase by EGP 257.6bn in 7 months, reaching EGP 3.161trn

Hossam Mounir