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

MIDBANK launches three-year savings certificate with returns of up to 19.65%

MIDBANK has launched the "MID Plus" savings certificate, offering individuals a secure…

Daily News Egypt

Egypt’s banking sector records EGP 15.26trn in domestic liquidity during H1 2026

The Central Bank of Egypt (CBE) announced that domestic liquidity in Egypt's…

Daily News Egypt

CBE instructs banks to complete company data for National Financial Inclusion Database

The Central Bank of Egypt (CBE) has instructed banks operating in the…

Hossam Mounir

Egypt’s financial inclusion rate reaches 79%, with 56.4 million citizens holding active transaction accounts: CBE

Egypt's financial inclusion rate continued to rise, reaching 79% in June 2026,…

Hossam Mounir

CBE forms inter-ministerial working group to develop Sustainable Finance Taxonomy

The Central Bank of Egypt (CBE) has launched the preparatory process for…

Daily News Egypt

CBE, Higher Education Ministry review expansion of Future Scholars Fund ahead of 2026/27 academic year

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), and Abdelaziz…

Daily News Egypt

Egypt’s banking sector net foreign assets jump to $27.9bn in June

Egypt's banking sector recorded a sharp increase in net foreign assets (NFA)…

Hossam Mounir

CBE launches African Financial Stability Committee digital portal with AACB

The Central Bank of Egypt (CBE), in cooperation with the Association of…

Daily News Egypt

CBE, foreign ministry launch ‘Update Your KYC in Egypt’ initiative for Egyptian expats

The Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs…

Hossam Mounir

Emirates NBD to buy HSBC Egypt retail business; HSBC expects $0.3bn gain

Emirates NBD Egypt S.A.E. has entered into definitive agreements to acquire the…

Daily News Egypt