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’s EG-FinCIRT joins OIC-CERT

The Central Bank of Egypt (CBE) announces that its Computing Incident Response…

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ABE reports impressive growth in business results for 2023

Loan portfolio increases to EGP 78.8bn, benefiting 543,177 customers with 23% growth

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NBE manages 28 financing deals worth EGP 322.5bn in 2023

Bank leads market in corporate financing, syndicated loans, with 36% share: Okasha

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CBE reconstitutes five main committees affiliated with Board of Directors

They are monetary policy, management, audit, capital markets, banking development committees

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CIB, MFF cooperate to provide mortgage finance for low- and middle-income groups

The Commercial International Bank (CIB) and the Social Housing and Mortgage Finance…

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Banque du Caire, TAKYIEM partner to market Urban Development Fund projects

Agreement leverages bank’s expertise in marketing, promoting, and financing real estate assets

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CIB leads 20 securitization bond issuances worth EGP 57.5bn in 2023

It secures more than 63% of Egyptian market share in securitization bond…

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Egypt targets 5% inflation by 2026, government document says

Price stability and lower inflation rates among government’s priorities

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Local liquidity in Egyptian banking sector rises to EGP 8.787trn in November 2023: CBE

The Egyptian banking sector witnessed a surge in local liquidity, reaching EGP…

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NBE, Banque Misr offer savings certificates with returns of 23.5%, 27% on Monday

Chairperson of Banque Misr expects proceeds of new certificates to reach EGP…

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