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

HDB wins Gold Award for Green Finance at COP29 in Azerbaijan

The Housing and Development Bank (HDB) has been honored with the prestigious…

Daily News Egypt

ADIB-Egypt invests EGP 1bn in digital transformation, reports strong growth: CEO

ADIB-Egypt, the largest Islamic bank in Egypt by assets, deposits, and credit…

Daily News Egypt

CBE joins Pan-African Payment and Settlement System

As part of Egypt’s efforts to deepen economic collaboration with African nations,…

Hossam Mounir

CIB, EBRD sign €50m credit risk guarantee agreement to boost Egyptian SMEs

Commercial International Bank (CIB) and the European Bank for Reconstruction and Development…

Daily News Egypt

CBE to launch $900m T-bill auction

The Central Bank of Egypt (CBE) will conduct a $900m local treasury…

Hossam Mounir

Banque du Caire reports EGP 8.6bn net profit in 9M 2024

Banque du Caire achieved net profits of EGP 8.6bn in September 2024,…

Hossam Mounir

Banque Misr reports profit before tax of EGP 70.1bn in H1 2024

Banque Misr achieved a profit before income taxes of EGP 70.142bn in…

Daily News Egypt

NBE achieves EGP 43.5bn profit before tax in Q1 2024

The National Bank of Egypt (NBE) reported a significant increase in profits…

Daily News Egypt

CBE assets rise to EGP 6.213tn in October

The Central Bank of Egypt (CBE) has reported an increase in its…

Daily News Egypt

Foreign assets in Egyptian banking sector reach $9.2bn in October 2024: CBE

The Central Bank of Egypt (CBE) has announced that the Egyptian banking…

Hossam Mounir