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

Saib reports EGP 1.74bn net profits in December 2024, achieving 81% growth

Saib bank concluded 2024 with an exceptional 81% surge in net profits,…

Hossam Mounir

HDB doubles net profits to EGP 11bn in 2024, marking 83.1% surge

The Housing and Development Bank (HDB) has reported a substantial increase in…

Hossam Mounir

CBE holds interest rates steady for seventh consecutive time amid inflation risks

The Central Bank of Egypt (CBE) has once again opted to keep…

Hossam Mounir

CIB reports full-year 2024 consolidated net income of EGP 55.2bn, up 86% YoY

Commercial International Bank (CIB) today announced its fourth-quarter 2024 consolidated net income…

Daily News Egypt

CBE to hold first policy meeting of 2025 amid diverging interest rate forecasts

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

Hossam Mounir

Egypt’s foreign exchange earnings surge to $159.6bn in 2023/2024

Egypt's foreign exchange earnings reached $159.6bn in the 2023/2024 fiscal year, marking…

Daily News Egypt

Urban inflation hits two-year low at 24% in January: CBE

Egypt’s annual urban headline inflation remained stable at 24% in January 2025,…

Hossam Mounir

Egypt’s net foreign asset surplus reaches $11.99bn in January 2025

The Central Bank of Egypt (CBE) recorded a net foreign asset (NFA)…

Hossam Mounir

ADIB-Egypt’s strategy, future vision to strengthen its market position are on right track: CEO

Abu Dhabi Islamic Bank - Egypt (ADIB-Egypt) is progressing as planned with…

Hossam Mounir

Sustainability, Green Finance Among Key Strategic Pillars of Abu Dhabi Commercial Bank – Egypt: CEO

Ihab ElSewerky, CEO and Managing Director of Abu Dhabi Commercial Bank Egypt…

Hossam Mounir