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 $1.2bn rise in net international reserves since January 2023

Net international reserves reach $35.173bn in November, up from $34.003bn at 2022…

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Banking expert advises against new high-yield savings certificates

Interest rate hikes deemed detrimental to economy, inflation goals, says Abdel-Aal

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CBE unveils key banking indicators up to August 2023

Customer deposits climb to EGP 9.719trn, with household sector holding 75.4%

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CIB champions climate initiatives at COP28 in Dubai

Egypt’s Commercial International Bank (CIB), the nation’s leading private sector bank, actively…

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CBE attracts $1.09bn in bids for dollar-denominated treasury bills

The Central Bank of Egypt (CBE) announced that it received 23 bids…

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Egypt’s external debt recorded $164.7bn end of June rising 5.8% Y-o-Y: CBE 

Long-term debt accounted for $136.6bn, whereas short-term debt accounted for US$ 28.1bn

Hossam Mounir Hossam Mounir

Financial position of banks in Egypt reaches EGP 14.473trn in August 2023: CBE

Net foreign assets of the banking sector increase by EGP 33.3bn in…

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Fahmy Hanna appointed as non-executive chairperson of saib pending CBE approval

The Board of Directors of saib bank has appointed Fahmy Hanna as…

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Al-Sisi reforms CBE board of directors

Hassan Abdallah reappointed as governor, Rami Aboulnaga remains as deputy governor, Tarek…

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saib reports 51% growth in pre-tax profits in September 2023

saib bank achieved pre-tax and provisions profits of EGP 1.6bn ($51.9m) in…

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