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

ABE reveals key features of bank’s financing structure until end of September 2023

Bank injected EGP 45.025bn worth of financing to SMES, accounting for 64%…

Hossam Mounir Hossam Mounir

CBE approves Amr El Ganainy as CIB Deputy CEO, Managing Director

El Ganainy has over 35 years of banking experience 

Hossam Mounir Hossam Mounir

Egypt’s external debt rises to $165.3bn in March 2023: CBE

Long-term debt accounted for $136.4bn, whereas short-term debt accounted for $28.9bn

Hossam Mounir Hossam Mounir

CBE signs $1.36bn currency swap agreement with Emirati counterpart

The Central Bank of Egypt (CBE) and the Central Bank of the…

Daily News Egypt Daily News Egypt

CBE Governor calls on Chinese banks to enter Egyptian market

Abdalla, Chinese counterpart discuss currency swap agreement to reinforce Egyptian government’s plan…

Hossam Mounir Hossam Mounir

CBE reports on deposits, employment in banks in April 2023

Household sector accounts for 76.2% of total deposits 

Daily News Egypt Daily News Egypt

Banque Misr invests EGP 70bn in over 165 companies

Bank increases capital of its branch in UAE to AED 1.59bn

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Banks operating in Egypt record EGP 126.9bn of net profits in 1H 2023

The banks operating in the Egyptian market achieved a net profit of…

Hossam Mounir Hossam Mounir

Banque du Caire launches new security control unit

Unit provides assistance to all bank’s sectors, intervene to maintain service quality…

Daily News Egypt Daily News Egypt

Banks in Egypt improve accessibility for people with disabilities

Banks implement CBE’s instructions of September 2021 to facilitate access of this…

Shaimaa Raafat Shaimaa Raafat