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

Delegation of 4 African countries visits Egypt to enforce cooperation on MSE development

Nevine Gamea, Egypt’s Minister of Trade and Industry, and Executive Director of…

Daily News Egypt

Egypt’s external debt increases to $137.9bn in June 2021: Central Bank

Long-term debt ($124.2bn) accounts for 90.1% of total external debt, whereas short-term…

Hossam Mounir

Egyptian businesses predict double-digit revenue growth: HSBC

83% of businesses expect profitability to grow in next 12 months

Hossam Mounir

NBE launches ‘B2B’ e-payment service for corporates

Bank aims to expand e-payments in line with Central Bank’s direction towards…

Hossam Mounir

Tripartite cooperation to launch FAB – Lucky Visa Platinum Credit Card

New product to facilitate issuing credit cards for customers via Lucky Egypt…

Daily News Egypt

CBE launches EGP 5.5bn initiative to finance transition to modern irrigation

Initiative targets switching 4 million feddan to modern irrigation through loans from…

Hossam Mounir

CIB launches ‘Bedaya’ accounts to enhance financial inclusion in Egypt

New product aims to facilitate managing business finances for companies, self-employed individuals…

Daily News Egypt

CIB, IFC move forward with Green Bond programme

Ongoing cooperation between both sides amounts to $70m

Daily News Egypt

Islamic banking in Egypt valued at EGP 407bn in September 2021

Faisal Islamic Bank of Egypt in first place with turnover of EGP…

Hossam Mounir

CBE directs banks to increase operation financing for companies in light of global prices hike

CBE Governor urges banks to end financial disputes with companies, individuals

Daily News Egypt