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

Egypt to launch first digital bank by Q4 2024 following CBE’s approval

The Information and Decision Support Center (IDSC) of the Egyptian Cabinet has…

Hossam Mounir

Egyptian banking sector records $13.25bn NFA surplus in July, marking continued growth

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

Hossam Mounir

ADCB Egypt achieves net profit of EGP 2.138bn in H1 2024

ADCB Egypt announced its financial results for the first half of 2024,…

Daily News Egypt

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