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

Central Bank of Egypt to discuss interest rate for last time in 2023 on Thursday

Egypt likely to hold steady on interest rates amid economic reforms, analysts…

Hossam Mounir Hossam Mounir

CBE reports EGP 14.742trn total financial position of banks in 3Q 2023

Capitals register EGP 323.776bn, reserves EGP 492.386bn, and allocations EGP 305.455bn

Hossam Mounir Hossam Mounir

Banque du Caire, GAFI sign MoU to boost investment in Egypt

Bank to highlight executive, legislative breakthroughs to encourage foreign direct investment: Fayed

Hossam Mounir Hossam Mounir

CIB becomes first Egyptian bank to conform to ISO 29993 in learning services management

Commercial International Bank Egypt (CIB) has achieved conformity to ISO 29993, a…

Daily News Egypt Daily News Egypt

ABE to finance goldsmithing workshops in partnership with Ministry of Supply

Bank will fund workshops that meet specified conditions with initial amount of…

Hossam Mounir Hossam Mounir

CBE supports banking services, products for customers with disabilities

Number of branches equipped for customers with disabilities doubles during 2023 

Daily News Egypt Daily News Egypt

Banks in Egypt post EGP 212.58bn net profits 9M 2023: CBE

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

Hossam Mounir Hossam Mounir

ADCB names Ahmed Mansour as Head of Digital Transformation, Banking Services Development

Abu Dhabi Commercial Bank Egypt (ADCB) has announced the appointment of Ahmed…

Hossam Mounir Hossam Mounir

Major global central banks keep interest rates unchanged, CBE decision next Thursday in focus

Market indicates that CBE’s meeting will come with no surprises as inflation…

Hossam Mounir Hossam Mounir

How does CBE account for decline in core inflation for fifth consecutive month?

Annual core inflation records 35.9% in November, down from 38.1% in October…

Hossam Mounir Hossam Mounir