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’s banking sector net foreign assets rise to $22.9bn in April 2026

The Central Bank of Egypt (CBE) announced that net foreign assets (NFAs)…

Hossam Mounir

CBE expects inflation to accelerate through Q3 2026 before gradual decline towards target

The Central Bank of Egypt (CBE) expects annual headline inflation to accelerate…

Hossam Mounir

Banque Misr launches financing programme for residential solar energy systems

Banque Misr has announced the launch of a dedicated financing programme for…

Daily News Egypt

CIB, Mastercard deepen partnership to advance digital payments innovation in Egypt

Mastercard has announced a new partnership with Commercial International Bank (CIB) to…

Daily News Egypt

Banks, companies offer EGP 73.09bn under ‘Affordable Housing Initiative’ until August

Banks and mortgage companies participating in the Affordable Housing Initiative have provided…

Hossam Mounir

HDB’s Q1 2026 net profit surpasses EGP 5bn amid strong growth across key indicators

Housing and Development Bank (HDB) delivered robust financial and operational performance during…

Daily News Egypt

Strong expectations for CBE to keep interest rates unchanged at Thursday meeting

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…

Daily News Egypt

Al-Sisi reviews inflation, record reserves with CBE governor

Egyptian President Abdel Fattah Al-Sisi met with Central Bank of Egypt (CBE)…

Daily News Egypt

CBE attributes April inflation slowdown to easing non-food pressures

Annual urban headline inflation slowed to 14.9% in April 2026, down from…

Hossam Mounir

Saib announces EGP 835.8m profits in Q1 2026

Saib Bank announced its financial results for the first quarter (Q1) of…

Daily News Egypt