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

SAIB Bank supports fintech startups, entrepreneurship

SAIB Bank has been actively supporting companies in the Egyptian market, including…

Hossam Mounir

Agricultural Bank of Egypt increases branch network, upgrades services

The Agricultural Bank of Egypt(ABE) has recently opened 10 branches across six…

Hossam Mounir

Egyptian banking sector reports surplus in net foreign assets of EGP 626.6bn in June 2024

The Central Bank of Egypt (CBE) has announced that the net foreign…

Hossam Mounir

Inflation dynamics normalizing to pre-March 2022 patterns: CBE

Inflation is projected to stabilise around current levels in 2024, with significant…

Daily News Egypt

Opinion| Egypt’s banking revolution: CBE approves launch of first digital bank

Historic achievement that signifies major step forward in country's digital transformation within…

Mohamed Abdel Aal

Investment banks predict CBE to maintain unchanged rates for second consecutive meeting

Analysts anticipate unchanged rates amidst decreasing inflation

Hossam Mounir

CIB collaborates with SAS Institute to enhance university students’ skills

The Commercial International Bank (CIB) Egypt recently signed a memorandum of understanding…

Daily News Egypt

ADIB Egypt releases inaugural sustainability report: Integrating ESG principles, sustainable finance

‘We aspire to be transformative force in banking sector,’ says ADIB’s CEO

Daily News Egypt

CIB launches Egypt’s first private Mastercard World Elite Metal credit card

Commercial International Bank (CIB), Egypt’s leading private-sector bank, has partnered with Mastercard,…

Daily News Egypt

Net international reserves rise to $46.383bn in June: CBE

The Central Bank of Egypt (CBE) reported that the country’s net international…

Hossam Mounir