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

Inflation dynamics normalizing to pre-March 2022 patterns: CBE

Inflation is projected to stabilise around current levels in 2024, with significant…

Daily News Egypt Daily News Egypt

Opinion| Egypt’s banking revolution: CBE approves launch of first digital bank

Historic achievement that signifies major step forward in country's digital transformation within…

Mohamed Abdel Aal Mohamed Abdel Aal

Investment banks predict CBE to maintain unchanged rates for second consecutive meeting

Analysts anticipate unchanged rates amidst decreasing inflation

Hossam Mounir Hossam Mounir

CIB collaborates with SAS Institute to enhance university students’ skills

The Commercial International Bank (CIB) Egypt recently signed a memorandum of understanding…

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ADIB Egypt releases inaugural sustainability report: Integrating ESG principles, sustainable finance

‘We aspire to be transformative force in banking sector,’ says ADIB’s CEO

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CIB launches Egypt’s first private Mastercard World Elite Metal credit card

Commercial International Bank (CIB), Egypt’s leading private-sector bank, has partnered with Mastercard,…

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Net international reserves rise to $46.383bn in June: CBE

The Central Bank of Egypt (CBE) reported that the country’s net international…

Hossam Mounir Hossam Mounir

Financial position of banks operating in Egypt surges to EGP 17.8trn in Q1 2024: CBE

The Central Bank of Egypt (CBE) recently disclosed a substantial increase in…

Hossam Mounir Hossam Mounir

FABMISR appoints new Internal Sharia Supervisory Committee for Islamic banking services

FABMISR, one of Egypt’s largest banks, is pleased to announce the appointment…

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Banks report strong Q1 2024 profits in Egypt despite economic challenges

Banks' net profits reach EGP 156.223bn in Q1 2024: CBE

Hossam Mounir Hossam Mounir