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

Strong expectations of 1-2% cut in EGP interest rates at CBE’s first meeting of 2026

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

Hossam Mounir

CIB reports EGP 117bn in consolidated revenue, EGP 82.2bn net income in FY2025

Commercial International Bank-Egypt (CIB) on Tuesday reported consolidated net income of EGP…

Hossam Mounir

CBE’s role is not to push currency up or down: Governor

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), participated in…

Daily News Egypt

MSMEDA signs EGP 500m funding agreement with Suez Canal Bank

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a…

Daily News Egypt

CIB provides $72m financing to Paradise to build region’s largest eco-friendly fabric plant

Commercial International Bank–Egypt (CIB) has signed a partnership and financing agreement with…

Daily News Egypt

MARAKEZ secures EGP 3bn credit facility from Banque Misr

Banque Misr has signed a medium-term loan agreement with MARAKEZ, one of…

Daily News Egypt

CIB backs Elsewedy Electric’s first European expansion with €58m financing for Hungary power project

The Commercial International Bank Egypt (CIB) has signed a financing and partnership…

Daily News Egypt

Banks inject EGP 99.5bn into low, middle-income mortgage initiatives by January 2026

Banks and mortgage finance companies participating in Egypt’s low- and middle-income mortgage…

Hossam Mounir

CBE governor, IMF chief discuss economic reform programme at Arab Public Finance Forum

Hassan Abdalla, Governor of the Central Bank of Egypt, met with Kristalina…

Daily News Egypt

MSMEDA extends EGP 400m SME financing to Banque du Caire

Banque du Caire has signed a new EGP 400m financing agreement with…

Hossam Mounir