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

AAIB lends Libra Capital EGP 200m to finance renewable energy purchase agreements

Agreements cover design, financing, installation, and operation of solar energy stations

Hossam Mounir

Egypt launches foreign exchange trading with instant settlement system on 22 March

New system shortens time frame to execute payments in foreign currencies between…

Hossam Mounir

Middle East businesses eyeing better ESG encouraged to sign up to Living Business

The programme, organised by Globally, Get in the Ring and HSBC, aims…

Daily News Egypt

CIB Chief Sustainability Officer joins IIF ESG Webinar Series as featured speaker

Dalia Abdel Kader discussed sustainable finance efforts in emerging markets

Daily News Egypt

Banque du Caire to launch e-payment firm in support of digital transformation, financial inclusion: Chairperson

Bank has come long way in digital transformation, becoming top priority since…

Hossam Mounir

Egypt’s net international reserves increase to $40.2bn in February: CBE

FX reserves increase by about $363m to $35.905bn in February

Hossam Mounir

HDB reports EGP 2bn in profits over FY 2019/20 despite COVID-19

Bank managed to implement strategic plan through which it seeks to be…

Hossam Mounir

AAIB grants Redcon EGP 2.7bn loan to complete Latin Quarter project at New Alamein

Financing supports bank’s realisation of vital role played by developing new cities

Hossam Mounir

Net foreign assets in Egypt banking sector up EGP 10.7bn in January: CBE

EGP 32.73bn increase in local currency deposits, foreign currency deposits rise to…

Hossam Mounir

CIB reports consolidated revenues of EGP 25.9bn, net income of EGP 10.2bn in 2020

Q4 2020 consolidated revenue of EGP 6.58bn and net income of EGP…

Hossam Mounir