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

Central Bank of Egypt reveals performance indicators of banking system in FY 2020/21

Total financial position of banks operating locally reaches EGP 1.54trn

Hossam Mounir

CIB Egypt, Visa sign 5-year deal to support SMEs

Partnership will attract new entrepreneurial flows into local market

Daily News Egypt

Eman ElGamal named Director of Corporate Communications at Visa in North Africa, Levant, Pakistan

Eman ElGamal has joined Visa, the global digital payments company, as Director…

Daily News Egypt

CIB to represent Africa in UN-convened Net-Zero Banking Alliance steering group

12-member governance is responsible for decision-making and strategy, guiding technical work and…

Daily News Egypt

Total financial position of banks in Egypt increases to EGP 7.948trn in June 2021: CBE

Net profits register EGP 51.006bn, investments in securities and treasury bills record…

Hossam Mounir

CIB Egypt achieves exponential growth in online banking services

CIB records 116% increase in mobile banking transactions, 34% increase in online…

Hossam Mounir

Housing and Development Bank launches new service targeting wealthy clients

Bank’s profit before tax increases 10.8% y-o-y, recording EGP 1.45bn in FY…

Hossam Mounir

Pundits expect Central Bank to keep interest rate unchanged in 6th monetary policy meeting for 2021

MPC decided, on 5 August, to maintain basic interest rates with CBE,…

Hossam Mounir

To mark Farmer’s Day, Agricultural Bank offers new facilities in ‘Bab Rizq’ microfinance programme

Bank plans to expand branch network to 2,000 branches over 5 years:…

Hossam Mounir

Mashreq Bank Egypt appoints Ragia Samir as senior vice president, marketing head

Bank opens new representative office in Shanghai, China

Hossam Mounir