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

Egypt’s net international reserves rise to $49.25bn in August: CBE

The Central Bank of Egypt (CBE) announced on Sunday that the country’s…

Hossam Mounir

Should Egypt aim for stronger EGP or focus on sustaining foreign currency inflows?

In April, the Egyptian pound lost a significant portion of its value,…

Mohamed Abdel Aal

CBE reports surge in financial inclusion, reaching 76.3% by June 2025

The Central Bank of Egypt (CBE) has announced a notable rise in…

Daily News Egypt

CBE expands banking reach with new service unit regulations

The Central Bank of Egypt (CBE) has issued new regulations permitting banks…

Hossam Mounir

United Bank unveils new strategic vision focused on innovation, sustainable growth: CEO

Tarek Fayed, CEO and Managing Director of United Bank, has revealed the…

Hossam Mounir

CBE sets governance, fit criteria for payment sector officials

The Central Bank of Egypt (CBE) has introduced new governance and internal…

Hossam Mounir

Market awaits repercussions of 2% rate cut on savings, loans, and debt instruments

The banking sector and wider financial markets are bracing for the impact…

Hossam Mounir

CBE projects inflation to ease to 14–15% in 2025

The Central Bank of Egypt (CBE) expects headline inflation to decline to…

Hossam Mounir

After recent 2% rate cut, CBE signals shift in monetary policy

This year marks a significant shift in the Central Bank of Egypt’s…

Hossam Mounir

CBE net profit surges to EGP 77.5bn in June 2025

The Central Bank of Egypt (CBE) reported a sharp rise in profitability,…

Hossam Mounir