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 is a very dynamic market with great potential: HSBC Egypt Chairperson

Egypt is one of main arteries for flow of global trade, which…

Hossam Mounir

CBE launches 23 initiatives to support Egyptian economy during COVID-19 crisis: FEB chief

Six banks offer VACSERA EGP 170m to produce COVID-19 vaccine: El-Etreby

Hossam Mounir

Egyptian banking sector’s net foreign assets exceed $11bn in September 2021: CBE

Non-governmental deposits in local currency record EGP 4.239trn in September 2021

Hossam Mounir

ADCB – Egypt wins 5 awards, ElSewerky named CEO of the Year 2021

Ihab ElSewerky, CEO and Managing Director of ADCB-Egypt, was honoured during the…

Daily News Egypt

CBE expected to keep interest rates on hold for eighth time in a row

The MPC periodic meeting comes amid strong market expectations that it will…

Hossam Mounir

Ending state of emergency in Egypt to attract more FDIs, improve credit rating: Banking leaders

On Monday evening, Al-Sisi announced ending the extension of the state of…

Hossam Mounir

ADIB Egypt launches digital consumer financing arm

Egyptian Financial Regulatory Authority grants ADI- Consumer Finance operating license

Hossam Mounir

Financial position of banks in Egypt rises to EGP 8trn in end July: CBE

Deposits amount to EGP 5.837trn, credit facilities record EGP 2.855trn

Hossam Mounir

Agricultural Bank of Egypt aims to reach 35 million customers with its services: Farouk

ABE to complete development of 1,000 branches nationwide by late 2022

Hossam Mounir

Central Bank of Egypt reveals reasons behind high inflation in September

This comes as monthly headline urban inflation recorded 1.1% in September compared…

Hossam Mounir