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

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

CBE defines responsibilities of banks’ anti-fraud departments

The Central Bank of Egypt (CBE) has issued new guidance clarifying the…

Daily News Egypt

Suez Canal Bank hosts first ‘Privé Day’ at Rehab branch

Suez Canal Bank launched its inaugural Privé Day at the Rehab branch,…

Daily News Egypt

NIB denies plans to divest stakes in Bank NXT, EBank

The National Investment Bank (NIB) has denied reports recently published by an…

Daily News Egypt

NBE, Banque Misr raise interest rates on savings certificates, launch new variable-yield products

Mohamed El Etreby, Chief Executive Officer of the National Bank of Egypt…

Hossam Mounir

CBE, COMESA Clearing House hold workshop to promote REPSS

The Central Bank of Egypt (CBE), in cooperation with the COMESA Clearing…

Daily News Egypt

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