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

Al-Sisi reviews banking sector, calls for boosting foreign reserves

President Abdel Fattah Al-Sisi reviewed the performance of Egypt’s banking sector on…

Daily News Egypt

NBE signs protocol to finance solar energy, irrigation upgrades, and land reclamation

The National Bank of Egypt (NBE) has signed a cooperation protocol with…

Daily News Egypt

CIB completes EGP 2.3bn securitization for GlobalCorp in seventh issuance

Commercial International Bank–Egypt (CIB) has completed the seventh securitization issuance for GlobalCorp…

Daily News Egypt

CBE, banks to launch card tokenization on Android mobile apps

The Central Bank of Egypt (CBE) announced that it is working with…

Daily News Egypt

NBE raises financing for Magic Land Al Hokair’s TANZA project to EGP 1.2bn

The National Bank of Egypt (NBE) has signed an agreement to raise…

Hossam Mounir

Foreign assets in Egypt’s banking sector climb to $18.5bn in July 2025

The Central Bank of Egypt (CBE) has reported a sharp rise in…

Hossam Mounir

IDB signs EGP 1.13bn credit facility agreement with Raya

The Industrial Development Bank (IDB) has signed a credit facility agreement worth…

Hossam Mounir

Egypt’s net international reserves rise to $49.25bn in August: CBE

The Central Bank of Egypt (CBE) announced on Sunday that the country’s…

Hossam Mounir

Should Egypt aim for stronger EGP or focus on sustaining foreign currency inflows?

In April, the Egyptian pound lost a significant portion of its value,…

Mohamed Abdel Aal