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

Egypt is strategic economic partner for France: Crédit Agricole Egypt MD

Credit Agricole is definitely well positioned to promote investment in Egypt, facilitate…

Hossam Mounir

Crédit Agricole Egypt, Visa renew partnership for 5 years

New agreement will expand customer’s convenience, accelerate digital transformation

Daily News Egypt

National Bank of Egypt manages over EGP 134bn worth financing deals in H1 2021

Bank allocates EGP 30bn for new mortgage financing initiative with 3% interest…

Daily News Egypt

Central Bank of Egypt regulates commercial registration, documentation at banks

Step comes in light of strengthening cooperation between banking sector, ITDA, Notary…

Hossam Mounir

Winners announced for C3 Social Impact Accelerator Program 2021 powered by HSBC

Egyptian start-up Baramoda wins top prize at regional competition

Hossam Mounir

EGP 53.774bn increase in local currency deposits at banks in Egypt during May 2021: CBE

Volume of term deposits, proceeds of savings certificates in foreign currencies increased…

Hossam Mounir

Egyptian government to depend less on local market in budget deficit finance

Debt instruments worth EGP 587bn offered during Q1 2021/22, compared to EGP…

Hossam Mounir

Egypt records $1.8bn balance of payments surplus in 9M FY 2021

This is compared to $5.1bn deficit last FY in wake of COVID-19…

Hossam Mounir

Financial positions of banks in Egypt rise by EGP 532bn in Q1 of 2021: CBE

Capital at banks amounts to EGP 177.92bn, reserves register EGP 347.826bn, provisions…

Hossam Mounir

Net profits of banks in Egypt reach EGP 29.99bn in Q1 2021: CBE

Top 10 banks account for 87.84% of total profits recorded during Q1

Hossam Mounir