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

Interbank EGP transactions via RTGS near EGP 69trn in Q1 2025: CBE

The Central Bank of Egypt (CBE) announced that the total value of…

Hossam Mounir

Egyptian banks offer fee-waived, no-minimum accounts through April for financial inclusion drive

In celebration of Arab Financial Inclusion Day, the Central Bank of Egypt…

Hossam Mounir

CBE governor meets AFI chief to discuss financial inclusion progress

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), met with…

Daily News Egypt

AAIB announces robust 2024 results, net profits hits $301m

A $301m net profit for 2024 has been announced by the Arab…

Daily News Egypt

Egypt’s net international reserves climb to $47.76bn in March 2025: CBE

Egypt’s net international reserves rose to $47.757bn in March 2025, up from…

Hossam Mounir

United Bank approves 2024 financial statements, reviews growth, expansion plans

United Bank held its General Assembly meeting under the chairmanship of Omar…

Daily News Egypt

US dollar surges EGP 0.53 at Sunday close

The official exchange rate of the US dollar at the Central Bank…

Hossam Mounir

Net foreign assets in Egypt’s banking sector rise by $1.5bn in February 2025

The Central Bank of Egypt (CBE) announced that net foreign assets within…

Hossam Mounir

FRA approves four banks to trade government securities, financial instruments on secondary market

The Registration and Licensing Committee of the Financial Regulatory Authority (FRA), established…

Daily News Egypt

Financial position of banks operating in Egypt reaches EGP 20.799trn in 2024

The Central Bank of Egypt (CBE) announced that the total financial position…

Hossam Mounir