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

Egyptian banking sector’s financial position surges to EGP 18.387trn in April 2024: CBE

The Central Bank of Egypt (CBE) has revealed a surge in the…

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CBE to decide on interest rate today amid expectations of third consecutive hold

The Central Bank of Egypt (CBE) will determine on Thursday, the fate…

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Banque du Caire, Beltone sign agreement for external portfolio management

Banque du Caire has signed an agreement with Beltone Asset Management, a…

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Al-Mashat, World Bank discuss expanding partnership

Egypt's Minister of Planning, Economic Development and International Cooperation, Rania A. Al-Mashat,…

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Egypt to launch first digital bank by Q4 2024 following CBE’s approval

The Information and Decision Support Center (IDSC) of the Egyptian Cabinet has…

Hossam Mounir Hossam Mounir

Egyptian banking sector records $13.25bn NFA surplus in July, marking continued growth

The Central Bank of Egypt (CBE) announced that the net foreign assets…

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ADCB Egypt achieves net profit of EGP 2.138bn in H1 2024

ADCB Egypt announced its financial results for the first half of 2024,…

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CBE reports first profit in seven years, EGP 22.834bn in June 2024

The Central Bank of Egypt (CBE) has announced a net profit of…

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Banque du Caire achieves 120% surge in net profits surpassing EGP 5.7bn for H1 2024

Banque du Caire has reported a remarkable 120% increase in net profits,…

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Breaking barriers: How CBE transforms financial access for PWDs

The United Nations Capital Development Fund (UNCDF)-based “Better Than Cash Alliance” programme,…

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