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

NBE offers mortgage financing for Urban Development Fund units

Bank provides instant electronic transfers from abroad to customer accounts in Egypt

Hossam Mounir Hossam Mounir

HDB sustains growth: Q1 2024 profits reach EGP 2.4bn with 83.1% increase

Bank achieves remarkable rates in revenues, net profits despite challenges, competitive environment:…

Hossam Mounir Hossam Mounir

FABMISR reports record-breaking net profit surge in Q1 2024

Bank’s Net Profit reaches impressive EGP 9.9 billion, with remarkable 108% growth

Daily News Egypt Daily News Egypt

CIB’s green finance initiatives: Pioneering sustainable banking in Egypt

Islam Zekry, the Group Chief Financial Officer at the Commercial International Bank…

Daily News Egypt Daily News Egypt

CIB commits $300m to renewable energy, waste management projects in Egypt: Ezz Al-Arab

Bank participates in financing most new, renewable energy projects in Egypt, targeting…

Daily News Egypt Daily News Egypt

Saib Bank reports strong Q1 2024 profits with 238% growth rate

196% growth in bank’s profits before income taxes, reaching EGP 909m

Hossam Mounir Hossam Mounir

CBE’s interest rate decision: Anticipation of no change

  The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is…

Hossam Mounir Hossam Mounir

NBE, CIB receive awards at EBRD Annual Meetings

The National Bank of Egypt (NBE) and the Commercial International Bank (CIB)…

Daily News Egypt Daily News Egypt

Egypt’s urban inflation sees significant slowdown to 32.5% in April 2024: CBE

The Central Bank of Egypt (CBE) reports that annual urban headline inflation…

Hossam Mounir Hossam Mounir

CIB reports record-breaking financial results in Q1 2024 amidst economic reforms

Bank records consolidated net income of EGP 11.9bn in Q1 2024, translating…

Hossam Mounir Hossam Mounir