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

CBE expected to keep interest rates unchanged for sixth consecutive meeting

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…

Hossam Mounir Hossam Mounir

CIB leads syndicated loan of EGP 9bn for Madinet Masr in partnership with 6 banks

The Commercial International Bank—Egypt (CIB), acting as the lead arranger and financier,…

Hossam Mounir Hossam Mounir

CBE hosts seminar on supervisory frameworks, risk management with 110 participants from African central banks

In line with Egypt’s ongoing commitment to supporting African nations, particularly in…

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Banks in Egypt report EGP 426.911bn in net profits for 9M 2024

The Central Bank of Egypt (CBE) has announced that banks operating in…

Hossam Mounir Hossam Mounir

CBE launches financial literacy campaign in partnership with EU, GIZ, and EBI

In a significant move to boost financial literacy and empower citizens, the…

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Egyptian banking alliance grants EGP 4.235bn to Al-Zahi Group for development projects

Three leading Egyptian banks—the National Bank of Egypt (NBE), Banque Misr, and…

Hossam Mounir Hossam Mounir

CBE’s Governor participates in AMF meeting on financial stability

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), participated in…

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What does CBE’s accession to PAPSS mean?

In a significant strategic move aligned with its ongoing efforts to develop…

Mohamed Abdel Aal Mohamed Abdel Aal

ADCB achieves key milestone in sustainability with EDGE Green Building Certification

Abu Dhabi Commercial Bank (ADCB) has reached a significant milestone in its…

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CIB signs MoU with TRIA to strengthen support for industrial sector

Commercial International Bank - Egypt (CIB) has officially signed a memorandum of…

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