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 balance of payments deficit narrows 2.9% to $1.8bn in July-March FY2025/26: CBE

Egypt's overall balance of payments (BoP) deficit narrowed by 2.9% to $1.8bn…

Daily News Egypt

Saib Bank signs EGP 300m financing agreement with Erada Finance to support MSMEs

Saib Bank has signed a medium-term financing agreement worth EGP 300m with…

Daily News Egypt

CBE explains rationale for holding interest rates steady for third consecutive meeting

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

Hossam Mounir

CBE to decide fate of EGP interest rates tomorrow

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

Daily News Egypt

Banks operating in Egypt post EGP 218.4bn in net profits in Q1 2026

Banks operating in Egypt recorded combined net profits of EGP 218.410bn during…

Hossam Mounir

CBE issues new rules governing banks’ investments in corporate, securitisation bonds

The Central Bank of Egypt (CBE) has introduced a new package of…

Hossam Mounir

Banque Misr launches Riyadh branch, begins banking operations in Saudi Arabia

Banque Misr has officially launched its branch in Riyadh, marking the start…

Daily News Egypt

CBE mandates banks to implement Environmental, Social Risk Management System by January 2028

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

Daily News Egypt

Balance sheet of banks in Egypt climbs to EGP 24.9trn in February as deposits, lending expand

The aggregate balance sheet of banks operating in Egypt, excluding the Central…

Hossam Mounir

CIB partners with IE University to strengthen leadership development in Egypt

Commercial International Bank Egypt (CIB), Egypt's largest private-sector bank, has signed a…

Daily News Egypt