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

Banque Misr’s mortgage portfolio hits EGP 21bn for 145,000 clients in 2024

Banque Misr has announced a significant increase in its mortgage portfolio, which…

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CBE extends fee exemption for digital transfers via IPN, InstaPay for 3 months

In line with Egypt's Vision 2030 to foster digital transformation, the Central…

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Banque Misr secures 29 financing deals worth EGP 211.8bn in 2024

Banque Misr arranged, financed, and participated in 29 major financing deals valued…

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Al Ahly Capital boosts stake in Easy Lease to 97.55% in strategic acquisition

Al Ahly Capital Holding, the investment arm of the National Bank of…

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CBE to offer $800m T-bill auction to settle previous issuance

The Central Bank of Egypt (CBE) will hold a Treasury bill (T-Bill)…

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CBE increases transaction limits for financial inclusion accounts

The Central Bank of Egypt (CBE) has announced an increase in the…

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CBE mandates simplified forms for banking expenses, commissions in customer contracts

The Central Bank of Egypt (CBE) has issued a directive mandating banks…

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ABE’s crop loan portfolio reaches EGP 25.6bn in September 2024

Sami Abdelsadek, Acting Chairperson of the Agricultural Bank of Egypt (ABE), announced…

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CIB completes second securitization transaction for One Finance, worth EGP 679m

Commercial International Bank – Egypt (CIB) has completed the second issuance of…

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CBE extends inflation target horizon to Q4 2026 at 7% (± 2%), Q4 2028 at 5% (± 2%)

The Central Bank of Egypt (CBE) has decided to extend its inflation…

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