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 reports first profit in seven years, EGP 22.834bn in June 2024

The Central Bank of Egypt (CBE) has announced a net profit of…

Hossam Mounir

Banque du Caire achieves 120% surge in net profits surpassing EGP 5.7bn for H1 2024

Banque du Caire has reported a remarkable 120% increase in net profits,…

Hossam Mounir

Breaking barriers: How CBE transforms financial access for PWDs

The United Nations Capital Development Fund (UNCDF)-based “Better Than Cash Alliance” programme,…

Daily News Egypt

CBE’s Governor Hassan Abdalla Highlights Successes, Challenges in Egypt’s Path to Financial Inclusion

The UNCDF-based “Better Than Cash Alliance” Interviews the Governor of the Central…

Daily News Egypt

CIB Egypt partners with Chemical and Fertilisers Export Council to boost exports

Commercial International Bank - Egypt (CIB) has signed a cooperation agreement with…

Daily News Egypt

ADCB Egypt partners with PaySupp to offer supply chain financing solutions

Abu Dhabi Commercial Bank – Egypt (ADCB Egypt) has partnered with financial…

Daily News Egypt

Saib net profits rise 163% to EGP 1.4bn in 1H 2024

Saib, a leading bank operating in Egypt, has reported a significant increase…

Daily News Egypt

Egypt’s external debt declines to $160.6bn in Q1 2024

Egypt's external debt registered $160.6bn at the end of March 2024, a…

Hossam Mounir

CIB exits investment in Egypt Otsuka Pharmaceuticals, selling stake to Otsuka Group

Commercial International Bank-Egypt (CIB), Egypt’s leading private-sector bank, has announced the successful…

Daily News Egypt

FABMISR profits surge 139% to EGP 15.8bn in H1 2024

First Abu Dhabi Bank Misr (FABMISR) has announced strong financial results for…

Daily News Egypt