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

CBE prohibits financing for company formation, capital increases, and dividend distributions

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

Hossam Mounir

Banks operating in Egypt adopt international ISO 20022 standard for financial transfers

In a pivotal step towards transforming Egypt's digital payments infrastructure, the Central…

Hossam Mounir

Banque Misr supports investors, farmers in 1.5 Million Feddan project

Hisham Okasha, Chief Executive Officer of Banque Misr, and Amr Abdel Wahab,…

Daily News Egypt

The Egyptian pound regains the initiative

Just a few weeks ago, most economic analyses were focused on the…

Mohamed Abdel Aal

United Bank launches green financing product for medical equipment SMEs

The United Bank has launched a Green Financing Product for Medical Equipment…

Daily News Egypt

Suez Canal Bank explores integrated digital banking, investment services with Thunder, Visa

Suez Canal Bank is exploring opportunities to develop a more integrated digital…

Daily News Egypt

Annual urban inflation eases to 14.6% in May as non-food price pressures moderate: CBE

Annual urban headline inflation edged down to 14.6% in May 2026 from…

Hossam Mounir

CBE Governor explores enhanced cooperation with Tunisian counterpart

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), received Fathi…

Daily News Egypt

Inflation in May 2026: A Reassuring Decline and a Cautionary Signal

The key message in May’s data is that headline inflation continued to…

Mohamed Abdel Aal

ADCB Egypt launches first investment fund in partnership with EFG Hermes

Abu Dhabi Commercial Bank (ADCB) Egypt has launched its first investment fund…

Daily News Egypt