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’s NIR decline to $37bn in April: CBE

Bank honours all of its external obligations amounting to around $1.6bn

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NBE leads banking consortium to provide €30m syndicated loan to MidElec

Hisham Okasha, Chairperson of NBE, said the arrangement of this loan comes…

Hossam Mounir Hossam Mounir

CIB net income down 9% to EGP 2.4bn in 1Q 2020

ROAE records 19.6%, ROA 2.5%, net profit decreases 9% y-o-y

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CBE receives 31 bids to invest $1.095bn in T-Bill auction

25 offers worth $975.4m were accepted

Hossam Mounir Hossam Mounir

CBE offers $800m in 1-year treasury bills on Monday

Proceeds cover a previous tender, worth $1bn, offered in May 2019

Hossam Mounir Hossam Mounir

Transition to online learning part of EBI vision before Covid-19 crisis: Abdel Aziz Nossier

EBI to launch ‘Future Leaders’ online training programme for African Central Bank…

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Central banks lose over $175bn of FX reserves due to COVID-19

Egypt’s banking sector has survived decline in foreign investments, reflecting economic stability

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Bank Audi – Egypt announces positive COVID-19 case at administrative building

Bank Audi - Audi has informed the Ministry of Health of the…

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NBE issues new investment certificates, raises return on another

The NBE has also decided to increase the return on another 3-year…

Hossam Mounir Hossam Mounir

Arab central banks council highlights digital transformation on Financial Inclusion Day

Implications of coronavirus highlight importance of accelerating transition to digital financial services,…

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