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 net income rises 20% to record EGP 2.87bn in Q1 2021

Bank started 2021 on positive year following year marked by exceptional challenges…

Hossam Mounir

ALEXBANK hosts webinar on Suez Canal’s Pivotal Role in Mediterranean, Global Maritime Economy

Bank cooperated with Italian company SRM since 2015 to analyse actual performance…

Hossam Mounir

4 banks acquire 90% of Islamic banking in Egyptian market

Faisal Islamic Bank of Egypt ranked first with EGP 119bn turnover in…

Daily News Egypt

CBE amends 2 initiatives supporting Egypt’s tourism industry

Initiatives aimed at financing replacement, renewal of hotels and transport fleets, payment…

Hossam Mounir

Egypt’s annual headline urban inflation declines to 4.1% in April 2021: CBE

Monthly headline urban inflation registers 0.9% in April 2021

Hossam Mounir

Financial position of banks in Egypt increases to EGP 7.3trn in February: CBE

Foreign investments in Egypt’s T-bills amount to EGP 313.68bn in March 2021

Hossam Mounir

National Bank of Egypt to finance 1.5-million-feddan reclamation project beneficiaries

Bank records EGP 14.6bn in agricultural loans given to 34,000 projects

Hossam Mounir

CIB receives 1st Gender Equity Seal in MENA region, co-chairs Egypt’s Closing Gender Gap Accelerator

The certification is guided by the World Bank’s Gender Equity Model, which…

Daily News Egypt

Egypt sees EGP 104.191bn increase in local currency bank deposits during March 2021: CBE

Foreign currency deposits see stability, while volume of foreign assets at CBE…

Hossam Mounir