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-Mashat, Abdelatty meet with World Bank MD at UNGA

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met…

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AIIB chief honours Egyptian Minister of Finance

Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB), honoured Ahmed…

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CBE to list stake in United Bank on EGX by Q1 2025

The Central Bank of Egypt (CBE) has announced plans to offer a…

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Banks operating in Egyptian market achieve net profits worth EGP 289.409bn in H1 2024: CBE

The Central Bank of Egypt reported that banks operating in the Egyptian…

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NBE, Banque Misr restructure their boards

Egypt’s Prime Minister Mostafa Madbouly issued a decree restructuring the boards of…

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Banque Misr achieves pre-tax profits of EGP 80.9bn in 2023

Banque Misr's general assembly approved last Thursday the financial statements for the…

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NBE reports EGP 126bn in pre-tax profits for 2023

The National Bank of Egypt (NBE) held its general assembly last Thursday…

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CBE participates in ‘New Beginning for Human Development’ initiative

The Central Bank of Egypt (CBE) has participated in financing and implementing…

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CBE pays $23.8bn in foreign debt service over 9 months

The Central Bank of Egypt (CBE) revealed Wednesday that Egypt paid $23.8bn…

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CBE explains August’s inflation rise after 5-month decline

Egypt’s annual urban headline inflation ticked up to 26.2% in August 2024,…

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