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

Banque du Caire introduces exclusive ‘Tharwa ELECT’ tier for high-net-worth clients

As part of a comprehensive strategy and ambitious plan to expand its…

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Suez Canal Bank achieves remarkable 188% profit growth, reaching EGP 1.8bn in June 2024

Akef El-Maghraby, CEO and Managing Director of Suez Canal Bank, announced impressive…

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HDB achieves record net profit of EGP 5.158bn in mid-2024

The Housing and Development Bank (HDB) has reported outstanding financial performance for…

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CBE directs banks to facilitate account opening for non-resident foreigners

The Central Bank of Egypt (CBE) has instructed banks to facilitate the…

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Afreximbank to double intra-African trade financing to $40bn by 2026

The African Export-Import Bank (Afreximbank) plans to double its financing of intra-African…

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CIB, ADIB Egypt promote financial inclusion with youth-focused services

The Commercial International Bank (CIB) and Abu Dhabi Islamic Bank (ADIB) Egypt…

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Suez Canal Bank appoints Bahaa Farouk as head of digital transformation

Suez Canal Bank has announced the appointment of Bahaa Farouk as the…

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SAIB Bank supports fintech startups, entrepreneurship

SAIB Bank has been actively supporting companies in the Egyptian market, including…

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Agricultural Bank of Egypt increases branch network, upgrades services

The Agricultural Bank of Egypt(ABE) has recently opened 10 branches across six…

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Egyptian banking sector reports surplus in net foreign assets of EGP 626.6bn in June 2024

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

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