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

Bank Audi Egypt to launch new internet, mobile banking applications soon

Bank is keen on improving customer banking experience, by providing more ease…

Daily News Egypt

Suez Canal Bank to increase contribution in car replacement initiative, puts SMEs finance plan

Bank’s SMEs portfolio reaches EGP 2bn, retail banking records EGP 1.2bn in…

Daily News Egypt

Banks in Egypt see EGP 2.448trn credit facilities in November 2020: CBE

Total bank deposits rose to EGP 5.126trn in November 2020, compared to…

Hossam Mounir

Comprehensive restructure plan in place for Egyptian Agricultural, Rural Development Company: ABE Chairperson

New Board of Directors will be formed alongside establishing two main headquarters…

Daily News Egypt

EGP 1.166trn increase in financial position of banks in Egypt during 2020: CBE

Banks report EGP 325.761bn reserves, EGP 162.274bn provisions to nonperforming loans

Hossam Mounir

CIB graduates candidates from Kenya, Uganda in Credit Analyst Training programme

Training programme is in line with Bank’s strategy to expand into Africa

Daily News Egypt

CBE to announce details of new presidential mortgage finance initiative soon

Proposed mortgage finance initiative to boost real estate sales

Hossam Mounir

Central Bank of Egypt expected to maintain base interest rates next Thursday

Main factor affecting direction of interest rates on Egyptian pound is inflation…

Daily News Egypt

Financial position of banks in Egypt approaches EGP 7trn in October 2020: CBE

Banks’ total capital reaches EGP 174.592bn, reserves EGP 314.082bn, provisions to nonperforming…

Hossam Mounir

CIB wins 2021 Best Trade Finance, Best Cash Management Service Providers in Egypt awards

Awards were part of annual survey conducted by Global Finance magazine, which…

Daily News Egypt