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 sees EGP 104.191bn increase in local currency bank deposits during March 2021: CBE

Foreign currency deposits see stability, while volume of foreign assets at CBE…

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CBE to review interest rates amid strong expectations of no change

Bank maintains, on 18 March, its basic interest rates for third consecutive…

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Egypt’s external debt up $1.8bn to $125.3bn in September 2020: CBE

Long-term debt accounts for 90.2% or $113.0bn of total external debt

Hossam Mounir Hossam Mounir

CBE approves 3rd edition rules for mobile wallet payment services

Transactions made through mobile wallets in 2020 reach EGP 100bn, according toCBE

Hossam Mounir Hossam Mounir

Egypt sees some leading indicators to maintain economic recovery in Q4 2020: CBE

Upward movement builds on initial recovery following easing of partial lockdown measures,…

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saib Bank targets over 50% growth in retail banking portfolio during 2021

Personal loans represent 48% of bank’s total loan portfolio, while auto loans…

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Financial inclusion top priority for Housing and Development Bank: Chairperson

Bank conducts first periodic draw for 2021 on Children, Youth Savings Account…

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Financial position of banks in Egypt rises to EGP 7.158trn in January 2021: CBE

Net foreign assets increase by EGP 152.5bn over 7 months

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NBE’s Tamkeen for microfinance begins activities in Upper Egypt

Company plans to acquire number of fintech, non-banking service companies during next…

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Banks in Egypt increase capital to comply with new banking law

Law stipulates minimum capital of EGP 5bn for banks operating in Egyptian…

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