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

HDB achieves independent profits of EGP 12.275bn in September, with 76.8% growth

Housing and Development Bank (HDB) has cemented its leading position as one…

Hossam Mounir

Banque du Caire offers EGP 10bn syndicated medium-term facility to Misr Petroleum

Banque du Caire, the National Bank of Egypt (NBE), and seven other…

Hossam Mounir

Suez Canal Bank’s net profits grow 130% to EGP 3.1bn in September 2024

Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, has…

Hossam Mounir

CBE secures top places at 12th Regional Cybersecurity Competition

The Egyptian Computing Incident Response Team (EG-CIRT) and the Computing Incident Response…

Daily News Egypt

United Bank sets indicative price range for IPO at EGP 12.7-15.6 per share

The United Bank has set the indicative price range for its initial…

Daily News Egypt

65.5% increase in Egyptian remittances during August: CBE

Remittances from Egyptians working abroad surged by 65.5% in August 2024, reaching…

Hossam Mounir

CBE receives $1.739bn in bids for US dollar-denominated T-bills auction

The Central Bank of Egypt (CBE) received 30 bids totalling $1.739bn to…

Daily News Egypt

MSMEDA, World Bank partner to upgrade Egyptian entrepreneurship eco-system: Rahmy

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency…

Daily News Egypt

EBRD considers $200m debt finance for 1.1 GW Suez Wind Energy

The European Bank for Reconstruction and Development (EBRD) is considering senior debt…

Daily News Egypt

EBank launches Information Security Academy in partnership with EBI

EBank has announced the launch of the Information Security Academy (InfoSec) at…

Hossam Mounir