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

CBE confirms financial soundness of banks operating in Egypt

Banking sector’s financial position reaches EGP 6.165trn, capital adequacy ratio increases to…

Hossam Mounir Hossam Mounir

Egypt to borrow EGP 600bn through T-bills, T-bonds in 3 months

Finance Ministry to issue EGP 499.5bn of T-bills, EGP 100.5bn of T-bonds…

Hossam Mounir Hossam Mounir

CBE reviews interest rate amid expectations to remain unchanged

No strong prospects for inflationary pressures off of rising electricity prices or…

Hossam Mounir Hossam Mounir

C3 Social Impact Accelerator helps Middle East start-ups grow amid COVID-19

Hosting online lectures, workshops over longer period will provide our entrepreneurs with…

Daily News Egypt Daily News Egypt

Banque Misr to expand non-banking services, buy minority stake in CI Capital

Bank to continue buying shares in CI Capital to bring its stake…

Alyaa Stohy Alyaa Stohy

HDB net profit grows slightly to EGP 604.584m in Q1 of 2020

Bank continues providing uninterrupted comprehensive services alongside preventive measures to protect employees…

Hossam Mounir Hossam Mounir

IDB pre-tax profit increases %3.1 to EGP 391m in 2019

Bank's total financial position increased to EGP 30.380bn in 2019, an increase…

Hossam Mounir Hossam Mounir

Banque Misr, FEI sign cooperation protocol to stimulate real estate financing

Banque Misr signed the protocol as part of its vision to stimulate…

Hossam Mounir Hossam Mounir

Financial position of banks in Egypt up EGP 648.9bn in 1Q-3Q FY2020: CBE

Net foreign assets decline by EGP 171.5bn in March, foreign investments in…

Hossam Mounir Hossam Mounir

Emerging markets experience sharpest capital outflow in March since 2008: CBE

Monetary and fiscal stimulus policies, structural reforms cushion negative consequences of coronavirus…

Hossam Mounir Hossam Mounir