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 welcomes Kenyan delegation to discuss instant payment innovations

In a move that underscores Egypt’s dedication to fostering cooperation with African…

Daily News Egypt

Advancements in ESG standards integration within banking sector: CBE’s Sub Governor

CBE’s inclusion in Network for Greening Financial System: Testament to banking sector’s…

Hossam Mounir

Banque du Caire reports 129% net profit growth in Q1 2024, reaching EGP 2.4bn

Banque du Caire achieved remarkable growth in net profits during the first…

Daily News Egypt

NBE offers mortgage financing for Urban Development Fund units

Bank provides instant electronic transfers from abroad to customer accounts in Egypt

Hossam Mounir

HDB sustains growth: Q1 2024 profits reach EGP 2.4bn with 83.1% increase

Bank achieves remarkable rates in revenues, net profits despite challenges, competitive environment:…

Hossam Mounir

FABMISR reports record-breaking net profit surge in Q1 2024

Bank’s Net Profit reaches impressive EGP 9.9 billion, with remarkable 108% growth

Daily News Egypt

CIB’s green finance initiatives: Pioneering sustainable banking in Egypt

Islam Zekry, the Group Chief Financial Officer at the Commercial International Bank…

Daily News Egypt

CIB commits $300m to renewable energy, waste management projects in Egypt: Ezz Al-Arab

Bank participates in financing most new, renewable energy projects in Egypt, targeting…

Daily News Egypt

Saib Bank reports strong Q1 2024 profits with 238% growth rate

196% growth in bank’s profits before income taxes, reaching EGP 909m

Hossam Mounir

CBE’s interest rate decision: Anticipation of no change

  The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is…

Hossam Mounir