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 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

NBE arranges EGP 1.42bn syndicated facility for Al Qamzi’s SEAZEN project

The National Bank of Egypt (NBE) has arranged a syndicated financing facility…

Daily News Egypt

CBE attracts $1.14bn in bids for dollar-denominated T-bill auction

The Central Bank of Egypt (CBE) received bids worth $1.141bn in its…

Hossam Mounir

CBE to launch $950m T-bill tenders on Monday

The Central Bank of Egypt (CBE) is set to offer a local…

Hossam Mounir

CBE launches Soft POS service for contactless mobile payments to cut merchant costs

The Central Bank of Egypt (CBE) has officially launched a contactless electronic…

Daily News Egypt

Opinion | The Grand Barter: Accounting Ambition vs. Strategic Stability

Protecting the Suez Canal as a sovereign asset and the Central Bank…

Mohamed Abdel Aal

Egyptian bank assets climb to EGP 24.8trn as household deposits lead growth

The aggregate balance sheet of banks operating in the local market —…

Hossam Mounir

CBE launches first AI diploma for Egyptian banking sector

The Central Bank of Egypt (CBE) has signed a memorandum of understanding…

Daily News Egypt

Egypt repays $8.65bn in external debt in Q4 FY 2024/25: CBE

Egypt repaid $8.645bn in external debt—covering both principal and interest—during the fourth…

Hossam Mounir