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 reforms CBE board of directors

Hassan Abdallah reappointed as governor, Rami Aboulnaga remains as deputy governor, Tarek…

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saib reports 51% growth in pre-tax profits in September 2023

saib bank achieved pre-tax and provisions profits of EGP 1.6bn ($51.9m) in…

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CBE urges banks to join Decent Life Initiative

The Central Bank of Egypt (CBE) has called on the banking sector…

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CBE highlights digital transformation achievements in e-payment services

Meeza aims to provide financial services at reasonable prices to achieve financial…

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E-payment cards surge to 62 million in Egypt as of September 2023: CBE

Electronic transactions in Egypt to hit EGP 13trn by 2023-end, up 94%…

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CBE announces financial inclusion rate of 67.3% in June 2023, aims for 70% by year-end

Egypt achieves remarkable progress in financial inclusion, surpasses many countries in field

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CBE sets rules for credit information, rating companies

The Central Bank of Egypt (CBE) has issued new regulations for credit…

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Islamic banking in Egypt grows by 27% in 2023, reaching EGP 562bn: EIFA

Faisal Islamic Bank is in first place with business volume of EGP…

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CBE aims to keep up with financial technology developments: Deputy Governor

Number of startups in industry increases fivefold from 2017 to 2022

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How CIB outperforms its peers on EGX in 3Q 2023

CIB’s stock surges above fair value: What’s behind its growth?

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