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

Al Baraka Bank joins largest Islamic financing deal in Egypt

Deal’s value estimated at EGP 5.5bn for Giza Systems, VAS Integrated Solutions

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CIB Foundation, Raei Misr collaborate to improve children’s health: El-Ganini

The CIB Foundation, led by Executive Vice President and Managing Director Amr…

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Bank interest rates change slightly after CBE’s 2% basic rate hike

Several banks increase interest rates on savings accounts

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GAFI, HSBC Egypt sign pact on attracting foreign direct investments

Strength of the government’s ambition demonstrated by its goal of doubling the…

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CBE gets 28 bids worth $1.196bn for local USD-denominated T-bill auction

The Central Bank of Egypt (CBE) received 28 bids from local and…

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NBE, Banque Misr raise EGP 565bn from high-interest certificates in one month

The National Bank of Egypt (NBE) and Banque Misr have raised EGP…

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Local liquidity in Egyptian banking sector grows by EGP 1.5trn in 2023

The Egyptian banking sector saw an increase of EGP 1.475trn in domestic…

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Abu Dhabi Islamic Bank leads EGP 5.5bn financing deal for Giza Systems, VAS Integrated Solutions

Deal represents first dual-structured financing compatible with Islamic Sharia in Egypt in…

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CBE raises interest rates to curb inflation amid financial control measures

The Central Bank of Egypt (CBE) anticipates persistent inflationary pressures in the…

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